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Upcoming Events

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30 Americans

Apr 24 - Jun 15, 2014
30 Americans showcases works by many of the most important African American… more

Bootsy Collins

Apr 24 - 24, 2014
 Founding father of funk Bootsy Collins funks up The Joy Theater during… more

Crescent City…

Apr 24 - 24, 2014

Jazz in the Park

Apr 24 - Jun 5, 2014
The People United for Armstrong Park (PUfAP) is thrilled to unveil the lineup… more

Ogden After Hours-…

Apr 24 - 24, 2014
Ogden After Hours is the place to go on Thursday nights to to hear Southern… more

Slightly Stoopid

Apr 24 - 24, 2014
 Slightly Stoopid will be bringing their signature San Diego vibe to New… more

Slightly Stoopid with…

Apr 24 - 24, 2014
While it’s a rare commodity for a band to tour as consistently as… more

The Andrews Brothers

Apr 24 - 26, 2014
Mistaken identities, madcap comedy, romance and miscal treasures fill this… more

Zurich Classic

Apr 24 - 27, 2014
Golf fans will have a chance to support regional children's charities while… more

New Orleans Jazz &…

Apr 25 - May 5, 2014
Jazz Fest is the celebration of the unique culture and heritage of New Orleans… more

PINTS & PLAYS

Apr 25 - Nov 25, 2014
PINTS & PLAYS is a monthly play reading in the true spirit of New Orleans. … more

Audubon Aquarium of…

Apr 26 - 26, 2014
Audubon Aquarium will host Party for the Planet, with events including live… more

Flowtribe

Apr 26 - 26, 2014
Straight out of New Orleans and into your ear-holes, Flow Tribe brings the… more

Historic Saturday…

Apr 26 - Nov 22, 2014
One of the keys to understanding NOLA’s past, present, and future is to… more

MOGWAI + Majeure

Apr 26 - 26, 2014
Must be 18 or older with Proper ID MOGWAI plus Majeure DATE: Saturday, April… more

Neighborhood Pet…

Apr 26 - 26, 2014
Neighborhood Pet Adoption & Bake Sale, sponsored by the LA/SPCA will be… more

Shamarr Fest at…

Apr 26 - 26, 2014
 A new and powerful addition to post-Jazz Fest revelry, Shamarr Fest… more

An Evening with The…

Apr 27 - 27, 2014
Gospel/Blues/Rock supergroup The Word features John Medeski (Medeski Martin… more

Early Modern Faces: …

Apr 27 - Jun 29, 2014
This exhibition brings together nearly ninety Old Master paintings and prints… more

Kirk Franklin…

Apr 27 - 27, 2014
The new Gospel Brunch experience at House of Blues New Orleans features local… more

30 Americans

Apr 24 - Jun 15, 2014
30 Americans showcases works by many of the most important African American… more

Hotel New Orleans will Reflag as First Hyatt Place in New Orleans

FOR IMMEDIATE RELEASE
Media Contact:

Sarah Gagnon
VP of Sales, HRI Lodging
(504) 585-1902
(504) 812-6393 (cell)
sgagnon@hriproperties.com

Tom Long
Thomas Long Corporate Communications
504-283-8522
504-669-3030 (cell)
tom@thomaslong.net

HOTEL NEW ORLEANS, WILL REFLAG AS FIRST HYATT PLACE IN NEW ORLEANS
New owner will launch major renovation this summer

New Orleans, LA (July 15, 2011)— Hotel New Orleans Holdings, LLC a joint venture between affiliates of HRI Properties and Interwest Capital Corporation, has purchased the Hotel New Orleans located across the street from the Ernest N. Morial New Orleans Convention Center and under a franchise agreement with an affiliate of Hyatt Hotels Corporation, will rename the property Hyatt Place New Orleans Convention Center, announced Gary Gutierrez, president of HRI Lodging, Inc. FBR Capital Markets acted as exclusive advisor to HRI Properties on the transaction.

The eight-story, 170-room hotel will undergo an extensive renovation starting in the third quarter of 2011 and is expected to be re-branded as Hyatt Place in the first quarter of 2012 following the completion of the renovation and repositioning of the property, said Gutierrez.

Hotel New Orleans will be managed by HRI Lodging, which currently manages the Chateau Bourbon, A Wyndham Hotel in the French Quarter and Hilton Garden Inn French Quarter/CBD in New Orleans, as well as hotels in Shreveport, LA; Jackson, MS and Richmond, VA. Until the conversion is completed, information about the property is at www.thehotelnewoleans.com.

“We are excited about our affiliation with the joint venture as we transform the city’s first Hyatt Place into the one of the most desirable properties in New Orleans,” said Gutierrez. “The hotel’s strategic location directly across the street from the New Orleans Convention Center makes this property the most attractive option in the area for corporate meetings, executive accommodations and cruise ship visitors,” he added.

The hotel features a soaring six-story atrium, lobby level lounge and restaurant, a fitness center, a business center and valet parking.

"The number of Hyatt Place locations in the U.S. continues to grow, with 161 hotels open today,” said Chris Ivy, senior vice president, real estate and development for Hyatt Hotels and Resorts, “and more than 30 new properties under development in the U.S., Costa Rica, India, the Netherlands, Panama and Saudi Arabia.”

Launched in 2006, Hyatt Place brings to the upscale select-service hotel category the authentic hospitality for which Hyatt is known. Inspired by multitasking travellers’ 24/7 lifestyle, Hyatt Place combines stylish design and practical amenities with forward-thinking technology and purposeful service. Hyatt Place hotels feature complimentary Wi-Fi access, complimentary continental breakfast, a StayFit@Hyatt fitness center, a coffee and wine bar serving specialty coffees and premium wine and beer, and a Grab ’n Go case stocked with freshly made sandwiches and salads. Guest Kitchens offer made-to-order breakfast, lunch and dinner entrées around the clock. Specially trained gallery hosts offer assistance with everything from directions to check-in to a freshly made meal.

The hotel opened in 1996 on the site of the Vatican Pavilion of the 1984 World’s Fair that transformed the New Orleans riverfront and created the Warehouse District, which HRI Properties pioneered as a residential neighborhood.

About HRI Properties
Based in New Orleans, HRI Properties (HRI) is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI’s mission is revitalizing cities by creating diverse, vibrant, sustainable communities. For more information, go to www.hriproperties.com.

HRI Lodging owns and operates hotel properties in New Orleans, LA; Shreveport, LA; Jackson, MS and Richmond, VA. HRI hotels include restoration of the D.H. Holmes department store in New Orleans into the Chateau Bourbon Hotel; the King Edward Hotel in Jackson and the Miller & Rhoads department store in Richmond, both of which fly the Hilton Garden Inn flag. For more information, go to www.hrilodging.com.

About Interwest Capital Corporation
Interwest Capital Corporation is a La Jolla, CA based financial services firm that specializes in the acquisition of performing and non-performing commercial real estate loans and loan portfolios as well as direct opportunistic real estate investments.