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“Giants of Jazz: Art…

Jun 22 - Dec 17, 2017
This spring, art and music converge as The Historic New Orleans Collection… more

Art Exhibition: Show…

Jun 22 - 22, 2017
Join us for the exhibit - "Show Us Your Happiest Moments in New… more

Beyond the Canvas:…

Jun 22 - Jul 9, 2017
Spanning several generations, five Puerto Rico-based artists Zilia… more

Chicken on the Bone…

Jun 22 - Dec 6, 2017
Want to enjoy some nightlife? No trip to New Orleans is complete if you have… more

David Hansen's Garden…

Jun 22, 2017
Since 2006, Hansen's Garden District Jazz Trio has performed every night at… more

David Hansen's Garden…

Jun 22 - Dec 29, 2017
Since 2006, Hansen's Garden District Jazz Trio has performed every night at… more

Festigals 2017

Jun 22 - 24, 2017
FestiGals will return to the JW Marriott for its seventh  women's… more

Heart of the House

Jun 22, 2017 - Jan 08, 2026
In The Voodoo Garden, All Ages. Heart of the House puts the spotlight on House… more

It's Only A Play

Jun 22 - 25, 2017
In an exciting partnership with the local, independent theatre company, The… more

Lilith in Loa…

Jun 22, 2017
From Laurel Canyon to the West Village, Nashville to New Orleans, the LOA Bar… more

New Orleans Museum of…

Jun 22 - Oct 8, 2017
Jim Steg (American, 1922 -2001) was the most influential printmaker to be based… more

New Orleans Museum of…

Jun 22 - Oct 1, 2017
In celebration of beloved chef, civil rights activist, and art collector Leah… more

New Orleans Museum of…

Jun 22 - Oct 8, 2017
Paintings from throughout Scully's career are presented with a selection of… more

Newcomb Art Museum -…

Jun 22 - Jul 9, 2017
Spanning several generations, five Puerto Rico-based artists Zilia… more

Southern Rep Theatre…

Jun 22 - 25, 2017
West Texas, 1862. "Hero" is promised his freedom from slavery in… more

Storyville: Madams…

Jun 22 - Dec 9, 2017
Storyville: Madams and Music revives the sights and sounds of New Orleans's… more

The Historic New…

Jun 22 - Oct 21, 2017
The Historic New Orleans Collection's Laura Simon Nelson Galleries for… more

BB's Stage Door…

Jun 23 - 25, 2017
The Harlem Renaissance of the 1920s and 1930s comes to life in this three-time… more

Happier Hour Wine…

Jun 23 - 30, 2017
Each week, we feature several wines from around the world along with small… more

New Orleans Museum of…

Jun 23 - Sep 3, 2017
Pride of Place: The Making of Contemporary Art in New Orleans showcases… more

“Giants of Jazz: Art…

Jun 22 - Dec 17, 2017
This spring, art and music converge as The Historic New Orleans Collection… 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.