{"id":1004070034,"date":"2013-04-07T22:25:42","date_gmt":"2013-04-08T06:25:42","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=114747"},"modified":"2020-05-18T13:45:38","modified_gmt":"2020-05-18T21:45:38","slug":"w-of-new-orleans-french-quarter-trades-for-25-5m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/w-of-new-orleans-french-quarter-trades-for-25-5m\/","title":{"rendered":"W of New Orleans \u2013 French Quarter Trades for $25.5M"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

Annapolis, Md.-based Chesapeake Lodging Trust has announced finalizing the
\npurchase of the 97-key luxury W of New Orleans \u2013 French Quarter. The self-advised lodging REIT acquired the property from Starwood Hotels & Resorts Worldwide Inc. for $25.5 million.<\/p>\n

Located on Chartres Street, the W is within a short walk of Jackson Square and the world-famous French Quarter\u2019s entertainment, dining and shopping venues. The hotel boasts a four-diamond rating, courtesy of a major revamp it underwent in 2012. Following the renovation, the hotel now boasts amenities such as a state-of-the-art signature SWEAT fitness center, a tree-lined heated WET branded outdoor pool, a Living Room lobby, and more than 735 square feet of high-tech meeting space overlooking a classically New Orleans courtyard and capable of hosting 150-guest events. The W also boasts the <\/em>SoBou restaurant and bar, named in Esquire<\/em> magazine’s Top 10 ranking. The locale offers contemporary Creole cuisine and an innovative cocktail program.<\/p>\n

The 97 guest rooms include four carriage-house studio suites and a deluxe suite. The recent renovation revamped guest rooms as well, and they now reflect the Big Easy\u2019s unique culture and history. Rooms either exude \u201cJazz,\u201d with golden yellow walls and a floor-to-ceiling brass image modeled after a horn, or voodoo mysticism in the \u201cTarot\u201d rooms, inspired by famed New Orleans voodoo queen Marie Laveau. Amenities include 40-inch LCD flat-screen TVs, IPod docking stations, infrared keyboards and Bliss bath paraphernalia.<\/p>\n

Starwood owned the property since 1997. It will continue to manage the hotel under a long-term contract.<\/p>\n

The W of New Orleans \u2013 French Quarter is Chesapeake\u2019s third W-branded property and fourth Starwood hotel. The company owns 17 hotels totaling 5,004 rooms.<\/p>\n

Click here<\/a> for further New Orleans market data.<\/em><\/p>\n

Image courtesy of W of New Orleans \u2013 French Quarter\u2019s Facebook page.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Annapolis, Maryland-based Chesapeake Lodging Trust has announced finalizing the purchase of the 97-key luxury hotel.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1599,21742],"tags":[],"class_list":["post-1004070034","post","type-post","status-publish","format-standard","hentry","category-new-orleans","category-latest"],"acf":[],"yoast_head":"\nW of New Orleans \u2013 French Quarter Trades for $25.5M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/w-of-new-orleans-french-quarter-trades-for-25-5m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"W of New Orleans \u2013 French Quarter Trades for $25.5M\" \/>\n<meta property=\"og:description\" content=\"Annapolis, Maryland-based Chesapeake Lodging Trust has announced finalizing the purchase of the 97-key luxury hotel.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/w-of-new-orleans-french-quarter-trades-for-25-5m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-04-08T06:25:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T21:45:38+00:00\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-of-new-orleans-french-quarter-trades-for-25-5m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-of-new-orleans-french-quarter-trades-for-25-5m\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"W of New Orleans \u2013 French Quarter Trades for $25.5M\",\"datePublished\":\"2013-04-08T06:25:42+00:00\",\"dateModified\":\"2020-05-18T21:45:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-of-new-orleans-french-quarter-trades-for-25-5m\\\/\"},\"wordCount\":304,\"commentCount\":0,\"articleSection\":[\"New Orleans\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-of-new-orleans-french-quarter-trades-for-25-5m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-of-new-orleans-french-quarter-trades-for-25-5m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/w-of-new-orleans-french-quarter-trades-for-25-5m\\\/\",\"name\":\"W of New Orleans \u2013 French Quarter Trades for $25.5M - 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