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17th Annual Martin…

Mar 5 - 7, 2015
Join us for the 17th Annual Martin Luther King, Jr. Commemorative Art… more

Andrew Jackson: Hero…

Mar 5 - 29, 2015
THNOC's exhibition tracks Jackson's rise from humble beginnings to immortality… more

Artist Spotlight…

Mar 5 - 31, 2015
New Orleans-based woodturning artist Tom Dunne will be the featured artist in… more

Ashe Cultural Arts…

Mar 5 - 5, 2015
Please join us for the film screening of Por Aqui Paso Chavez, a documentary of… more

Edgar Degas: The…

Mar 5 - May 24, 2015
Featuring drawings, prints, sculpture, and photographs, all from a single… more

Jim Roche: Cultural…

Mar 5 - Jul 12, 2015
Born in 1943, Jim Roche received a BA from Florida State University (1961)… more

Ogden After Hours…

Mar 5 - 5, 2015
Join us for Ogden After Hours for Colin Lake. more

Tennessee Williams:…

Mar 5 - May 31, 2015
Tennessee Williams was one of the most admired playwrights of the 20th century.… more

The Columns Hotel…

Mar 5 - 26, 2015
The Historical Columns Hotel with its "sophiscicated atmosphere" and… more

The New Orleans…

Mar 5 - Nov 18, 2015
Marvel Universe LIVE! will captivate audiences with an authentic and original… more

The Trio feat. Johnny…

Mar 5 - 5, 2015
Join us for The Trio: Johnny Vidacovich, Nigel Hall, and George Porter Jr. … more

Friends of the…

Mar 6 - 6, 2015
Local jazz band, the Panorama Jazz Band, will bookend the final concert of… more

International…

Mar 6 - 7, 2015
Now in its seventh year, the New Orleans International Children's Film… more

Jefferson Arts…

Mar 6 - 15, 2015
Mrs. Stancliffe's Rose Cottage Bed & Breakfast has been successful for many… more

Lauren Sturm - Bayou…

Mar 6 - 6, 2015
Performs solo acoustic piano. more

Maple Leaf Bar…

Mar 6 - 6, 2015
Join us for live entertainment featuring Groovesect. more

Mark Steinmetz: South

Mar 6 - May 10, 2015
Mark Steinmetz lives and works in Athens, Georgia. His work transcends the… more

Music at the Mint…

Mar 6 - 6, 2015
Billie performs mainly in an avant-garde, free style painting expansive… more

Opening Reception -…

Mar 6 - 6, 2015
Join us  for a free opening reception for Radcliffe Bailey: Recent Works… more

Ponchatoula Antique…

Mar 6 - 8, 2015
Featuring-Antique Collectibles Booth, Fine Arts & Crafts Booth, Food Booth,… more

17th Annual Martin…

Mar 5 - 7, 2015
Join us for the 17th Annual Martin Luther King, Jr. Commemorative Art… 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.