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.