Blackstone Group Purchases 3 Hampton Inn Hotels for $75 Million

by • January 27, 2015 • Acquisitions, Central Business District, Garden District, Hotel & HospitalityComments (0)2949

Photo via Neworleanshamptoninns.com

Photo via Neworleanshamptoninns.com

The Blackstone Group, the New York based investor that’s been on a tear in real estate over the last few years, has closed on a purchase of 3 Hampton Inn properties and a 6-story parking garage for more than $75 million.

According to property records, the buyers purchased:

The 288-room Hampton Inn & Suites Convention Center, 1201 Convention Center Blvd., for $24.9 million;

The 100-room Hampton Inn Garden District, 3626 St. Charles Ave., for $12.9 million;

The 210-room Hampton Inn & Suites Downtown French Quarter, 226 Carondelet St., for $22.5 million;

and the EZ-Park parking garage at 310 Carondelet St., for $15.4 million.

Word on the street was that Hampton Inn Garden District was listed at more than $25 million.

The seller was Highpointe Hotel Corp. LLC, an outfit out of Florida with ties to New Orleans.  Highpoint includes locals Henry Lambert, Carey Bond, Frank Stewart Jr., and John McNamara III.

 

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