{"id":1004105865,"date":"2014-10-20T17:15:45","date_gmt":"2014-10-21T01:15:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=299562"},"modified":"2020-04-01T04:15:36","modified_gmt":"2020-04-01T12:15:36","slug":"120m-hyatt-house-to-open-in-24-story-cbd-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/","title":{"rendered":"$120M Hyatt House to Open in 24-Story CBD Office Building"},"content":{"rendered":"<p><em>\u00a0By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_299568\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-299568\" title=\"Hyatt Regency New Orleans and 1250 Poydras Street \" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg\" alt=\"\" width=\"300\" height=\"120\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Hyatt Regency New Orleans (front and left) and 1250 Poydras St. (back on the right)<\/p>\n<\/div>\n<p>Hyatt Hotels Corp. has announced the development of a new Hyatt property in New Orleans. Set to open in 2015 at 1250 Poydras St., the new location will operate under the Hyatt House brand, New Orleans\u2019 first. Launched in 2012, the residentially inspired Hyatt House offers guests studio, one- and two-bedroom suites featuring full kitchens.<\/p>\n<p>As a testament to the city\u2019s booming tourism industry, the new 194-key location will be developed at 1250 Poydras St., the CBD\u2019s largest contiguous Class A office space, taking up seven floors of the building\u2019s 24 levels. The hotel lobby will occupy the 11<sup>th<\/sup> floor, while guest rooms will take up floors 12 through 17. Expected to open in 2015, the Hyatt House will be adjacent to the Mercedes-Benz Superdome, the New Orleans Arena and the booming BioDistrict. It will also be just a few blocks away from the French Quarter, the Mississippi Riverfront and the Morial Convention Center. \u00a0Courtesy of a second story skybridge, the new hotel will be connected to the 1,193-key Hyatt Regency New Orleans, which <a title=\"Hyatt Regency New Orleans to Reopen after $275M Rebuild\" href=\"https:\/\/www.commercialsearch.com\/news\/cities\/new-orleans\/hyatt-regency-new-orleans-to-reopen-after-275m-rebuild\/1004052912.html\" >reopened in 2011 after a $275 million redesign<\/a>. The sky bridge will ensure Hyatt House guests have access to the Regency\u2019s amenities.<\/p>\n<p>The 134,000-square-foot New Orleans Hyatt House will be operated by Hyatt Hotel affiliate Select Hotels Group LLC. The latter has entered into a management agreement with an affiliate of Waypoint NOLA LLC for the 194-key hotel. The conversion from vacant office space to New Orleans Hyatt House will be financed by a $120 million loan from Starwood Property Trust subsidiary Starwood Property Mortgage LLC. \u00a0The loan is guaranteed by a 60-year lease from building owner Poydras Properties to Waypoint NOLA.<\/p>\n<p>ENI Petroleum had leased 56,000 square feet of the future hotel space through October 2018, but it had sat vacant for several years, ever since ENI Petroleum moved its New Orleans operations to Houston. The new project\u2019s lease buyout saved ENI $2.5 million in future lease expenses.<\/p>\n<p>Robert Hand, president of Louisiana Commercial Realty LLC, who marketed the space, said: \u201cOf the 9,000,000 square feet of Class A CBD office space, over 1 million square feet of Class A CBD office space is for lease, and half of that is full floor space. With the thriving New Orleans tourism-based economy, there is more demand for hotel use than for full-floor Class A office space.\u201d<\/p>\n<p><em><a title=\"MARKET SNAPSHOT: 2013 Tightens New Orleans Apartment Market, Projected Rent Growth for 2014\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-2013-tightens-new-orleans-apartment-market-projects-rent-growth-for-2014\/1004097148.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a> for further New Orleans market data.<\/em><\/p>\n<p><em>Image via Hyatt Regency New Orleans<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyatt Hotels Corporation has announced the development of a new Hyatt property in New Orleans. Set to open in 2015 at 1250 Poydras Street, the new Hyatt location will operate under the Hyatt House brand, New Orleans&rsquo; first.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","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-1004105865","post","type-post","status-publish","format-standard","hentry","category-new-orleans","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>$120M Hyatt House to Open in 24-Story CBD Office Building - 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\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$120M Hyatt House to Open in 24-Story CBD Office Building\" \/>\n<meta property=\"og:description\" content=\"Hyatt Hotels Corporation has announced the development of a new Hyatt property in New Orleans. Set to open in 2015 at 1250 Poydras Street, the new Hyatt location will operate under the Hyatt House brand, New Orleans&rsquo; first.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/\" \/>\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=\"2014-10-21T01:15:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-01T12:15:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg\" \/>\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\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"$120M Hyatt House to Open in 24-Story CBD Office Building\",\"datePublished\":\"2014-10-21T01:15:45+00:00\",\"dateModified\":\"2020-04-01T12:15:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/\"},\"wordCount\":422,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg\",\"articleSection\":[\"New Orleans\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/\",\"name\":\"$120M Hyatt House to Open in 24-Story CBD Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg\",\"datePublished\":\"2014-10-21T01:15:45+00:00\",\"dateModified\":\"2020-04-01T12:15:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/10\\\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$120M Hyatt House to Open in 24-Story CBD Office Building\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\",\"name\":\"Eliza Theiss\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g\",\"caption\":\"Eliza Theiss\"},\"description\":\"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/eliza\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"$120M Hyatt House to Open in 24-Story CBD Office Building - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/","og_locale":"en_US","og_type":"article","og_title":"$120M Hyatt House to Open in 24-Story CBD Office Building","og_description":"Hyatt Hotels Corporation has announced the development of a new Hyatt property in New Orleans. Set to open in 2015 at 1250 Poydras Street, the new Hyatt location will operate under the Hyatt House brand, New Orleans&rsquo; first.","og_url":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-10-21T01:15:45+00:00","article_modified_time":"2020-04-01T12:15:36+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg","type":"","width":"","height":""}],"author":"Eliza Theiss","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/"},"author":{"name":"Eliza Theiss","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"headline":"$120M Hyatt House to Open in 24-Story CBD Office Building","datePublished":"2014-10-21T01:15:45+00:00","dateModified":"2020-04-01T12:15:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/"},"wordCount":422,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg","articleSection":["New Orleans","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/","url":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/","name":"$120M Hyatt House to Open in 24-Story CBD Office Building - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg","datePublished":"2014-10-21T01:15:45+00:00","dateModified":"2020-04-01T12:15:36+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/Hyatt-Regency-New-Orleans-with-1250-Poydras-Street-in-the-background.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/120m-hyatt-house-to-open-in-24-story-cbd-office-building\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"$120M Hyatt House to Open in 24-Story CBD Office Building"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4","name":"Eliza Theiss","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=mm&r=g","caption":"Eliza Theiss"},"description":"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/eliza\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004105865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004105865"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004105865\/revisions"}],"predecessor-version":[{"id":1004405875,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004105865\/revisions\/1004405875"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004105865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004105865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004105865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}