ATLANTA, November 14, 2017 – Hunter Hotel Advisors announced today that they represented the owners of the Hyatt Place New Orleans Convention Center in the sale of the 170-room hotel. Built in 1996, the hotel underwent an $8.8 million renovation to convert to a Hyatt Place, reopening in March 2012. A New York City-based private equity group purchased the hotel and was attracted to the investment due to its in-place cash flow and its location in downtown New Orleans’ Arts District, directly across from the Ernest N. Morial Convention Center. Teague Hunter, President of Hunter Hotel Advisors, handled the transaction out of company’s headquarters in Atlanta, GA.
Hunter Hotel Advisors is the nation’s premier hospitality investment firm for clients ranging from REITs and private equity firms to regional hotel owners. Since January 2014, Hunter has sold over $2 billion in single assets and portfolio transactions. For additional information, visit www.hunterhotels.net.
For immediate release
Contact: Nancy Petenbrink, Hunter Hotel Advisors
Nancy.Petenbrink@HunterHotels.net or 770-916-0300
Hunter Hotel Advisors is the leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity. With over 40 years of experience in both full and select-service single assets and portfolios, the firm’s capacity in valuation, economic analysis, and industry relationships have allowed Hunter to consistently maximize value regardless of market conditions.