{"id":1004128204,"date":"2015-09-25T05:12:35","date_gmt":"2015-09-25T13:12:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=361885"},"modified":"2021-05-10T03:00:19","modified_gmt":"2021-05-10T11:00:19","slug":"cotton-exchange-takes-a-trip-to-new-orleans","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cotton-exchange-takes-a-trip-to-new-orleans\/","title":{"rendered":"Cotton Exchange Takes a Trip to New Orleans"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Cotton Exchange Investment Properties LLC, an affiliate of Pacific Hospitality Group<\/a><\/strong>, acquired the first AC Hotel by Marriott in North America.<\/p>\n

\"AC<\/a><\/p>\n

AC Hotel New Orleans Bourbon\/French Quarter<\/p>\n<\/div>\n

The AC Hotel New Orleans Bourbon\/French Quarter Area<\/a><\/strong> was acquired from an affiliate of Dallas-based NewcrestImage LLC<\/a><\/strong>.<\/p>\n

The 220-room hotel is located in the historic Cotton Exchange building in downtown New Orleans, in close proximity to a range of dining and shopping venues in the city’s most iconic neighborhood. Boasting sweeping city views, the 8-story European-inspired boutique hotel offers a long list of guest amenities such as fitness center, business center, laundry facility, and over 2,200 square feet of meeting space, including the 1,901-square-foot ballroom.<\/p>\n

“AC New Orleans is our first of many acquisitions into the high-end select service space whose new leader is AC Hotel by Marriott. This new lifestyle brand nicely complements our luxury hotels within the Meritage Collection and provides us the opportunity to diversify into new growth markets,” said in prepared remarks Kory Kramer, chief investment officer of Pacific Hospitality Group.<\/p>\n

Bill Hodges and Michael DiPrima of Hodges Ward Elliott<\/strong><\/a> provided advisory services on the transaction. The Busch Firm and Stone Pigman provided legal counseling for the buyer, while Akin Gump advised the seller in the transaction.<\/p>\n

Image courtesy of\u00a0AC Hotel New Orleans Bourbon\/French Quarter Area<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cotton Exchange Investment Properties LLC announced the acquisition of the AC Hotel New Orleans Bourbon\/French Quarter Area.<\/p>\n","protected":false},"author":735,"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":[682],"class_list":["post-1004128204","post","type-post","status-publish","format-standard","hentry","category-new-orleans","category-latest","tag-news"],"acf":[],"yoast_head":"\nCotton Exchange Takes a Trip to New Orleans - 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\/cotton-exchange-takes-a-trip-to-new-orleans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cotton Exchange Takes a Trip to New Orleans\" \/>\n<meta property=\"og:description\" content=\"Cotton Exchange Investment Properties LLC announced the acquisition of the AC Hotel New Orleans Bourbon\/French Quarter Area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cotton-exchange-takes-a-trip-to-new-orleans\/\" \/>\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=\"2015-09-25T13:12:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T11:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/AC-Hotel-New-Orleans-Bourbon-French-Quarter.jpg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cotton-exchange-takes-a-trip-to-new-orleans\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cotton-exchange-takes-a-trip-to-new-orleans\/\",\"name\":\"Cotton Exchange Takes a Trip to New Orleans - 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She joined the team in 2015 as associate editor and covered commercial, residential and student housing news assignments. 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