{"id":1004112478,"date":"2015-02-01T21:58:26","date_gmt":"2015-02-02T05:58:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=321938"},"modified":"2020-05-21T22:03:55","modified_gmt":"2020-05-22T06:03:55","slug":"blackstone-buys-three-hotels-parking-garage-for-76m-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-buys-three-hotels-parking-garage-for-76m-3\/","title":{"rendered":"Blackstone Buys Three Hotels, Parking Garage for $76M"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_321939\" class=\"wp-caption alignright\" style=\"width: 185px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Hampton-Inn-Suites-Convention-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-321939\" title=\"Hampton Inn &amp; Suites Convention Center\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Hampton-Inn-Suites-Convention-Center.jpg\" alt=\"\" width=\"175\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Hampton Inn&amp; Suites Convention Center<\/p>\n<\/div>\n<p>Global investment and advisory firm The Blackstone Group has invested $75.7 million in New Orleans\u2019 real estate, picking up three centrally located hotel properties and a parking facility, reported <em><a href=\"https:\/\/canalstreetbeat.com\/blackstone-group-purchases-3-hampton-inn-hotels-for-75-million\/\" rel=\"nofollow\">Canal Street Beat<\/a><\/em>. Blackstone acquired the properties from Florida-based Highpointe Hotel Corp. LLC. The acquisitions include the EZ-Park on Carondelet Street, which traded for $15.4 million; the 288-key Hampton Inn &amp; Suites Convention Center, purchased for $24.9 million; the 22.5 million, 210-key Hampton Inn &amp; Suites Downtown French Quarter; and the 100-key Hampton Inn Garden District, which sold for $12.9 million, reported <em>Canal Street Beet.<\/em><\/p>\n<p>Located at 1201 Convention Center Blvd., the 288-key Hampton Inn &amp; Suites Convention Center sits in New Orleans\u2019 historic Arts &amp; Warehouse District, across the street from the Ernest N. Morial Convention Center. Amenities include 12,000 square feet of on-site meeting and event space, a 24-hour business center, a 24-hour fitness center, an outdoor pool and a courtyard.<\/p>\n<div id=\"attachment_321943\" class=\"wp-caption alignleft\" style=\"width: 209px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Hampton-Inn-Garden-District1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-321943\" title=\"Hampton Inn Garden District\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/01\/Hampton-Inn-Garden-District1.jpg\" alt=\"\" width=\"199\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Hampton Inn Garden District<\/p>\n<\/div>\n<p>Featuring the 226 Carondelet St. address, the 210-key Hampton Inn &amp; Suites Downtown French Quarter sits in the famed historic French Quarter. It is located in New Orleans\u2019 first skyscraper. Amenities include 3,000 square feet of meeting space, a 24-hour fitness center and a 24-hour business center.<\/p>\n<p>Located in one of the hottest New Orleans neighborhoods, the Garden District, the 100-key Hampton Inn Garden District is close to Magazine Street\u2019s shopping, the French Quarter\u2019s entertainment and history, and to Tulane and Loyola universities\u2019 top-grade education, on the famous St. Charles Avenue Streetcar line. Amenities include a 420-square-foot meeting facility, a business center, a fitness center, a pool and complimentary on-site parking.<\/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\" rel=\"nofollow\" >Click here<\/a> for further New Orleans market data.<\/em><\/p>\n<p><em>Images courtesy of Hampton Inns of New Orleans via Facebook<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global investment and advisory firm The Blackstone Group has invested $75.7 million in New Orleans&rsquo; real estate, picking up three centrally-located hotel properties and a parking facility<\/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-1004112478","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) - 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