Four Seasons Financing Closes; Investors Revealed (Some From Saudi Arabia!)

by • September 16, 2015 • Central Business District, Development, Hotel & Hospitality, Public DevelopmentComments (1)4251

Rendering via Carpenter & Co.

Rendering via Carpenter & Co.

The team behind the redevelopment of the World Trade Center into a new $364 million Four Seasons hotel has closed on the financing for the hotel and has revealed its list of investors.

The redevelopment plan includes a 350-key Four Seasons Hotel, 76 serviced residences, two restaurants, an urban green space on top of two newly constructed buildings that will flank the current structure on either side, a public observation deck overlooking the river, and a New Orleans history and cultural attraction.

The investors include:

Developer Carpenter & Co. of Cambridge, Massachusetts;

Woodward Interests, led by Paul Flower;

Richard Friedman, the founder of of Carpenter & Co.;

Several Four Seasons board members;

Henry Coaxum of Coaxum Enterprises of New Orleans;

The Juffali family of Saudi Arabia;

Cascade Investments, Bill Gates’ investment fund;

Lee Jackson, president and CEO of Jackson Offshore Operators;

Sherry Marcus Leventhal, Tulane University board vice chair and wife of Richard Friedman;

Bob Merrick, CEO of Latter & Blum;

Earl Robinson, of private equity firm RLMcCall Capital.

You can check out the actual lease with the city and the financial terms of the deal here.

 

 

 

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One Response to Four Seasons Financing Closes; Investors Revealed (Some From Saudi Arabia!)

  1. […] development team behind the Four Seasons World Trade Center development has been cranking, closing on the financing and signing the lease with the […]

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