O’Keefe Plaza Hotel Sells to NYC Investors for $10.75 million

by • July 23, 2014 • Acquisitions, Central Business District, Hotel & HospitalityComments (2)2629

Photo via The Okeefe Plaza Hotel

Photo via The Okeefe Plaza Hotel

A New York real estate investment firm, the Garrison Investment Group, bought the O’Keefe Plaza Hotel in the Central Business District for $10.75 million this month.

The six story, 129-room hotel is located at 334 O’Keefe Ave.

The seller was Laxmi Hotel, LLC, which was controlled by the Chauhan and Kansagra families.

Orleans Civil Court records show that Laxmi owed more than $108,000 in taxes, interest and other costs to the city on the property.

 Garrison has $3.2 billion under management, including  22 hotels in 11 states, 26 industrial properties, 15 office buildings and a retail portfolio with 40 properties in 15 states. It owns Louisiana Boardwalk, an outlet mall in Shreveport.

 

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2 Responses to O’Keefe Plaza Hotel Sells to NYC Investors for $10.75 million

  1. […] A New York real estate investment firm, the Garrison Investment Group, bought the O'Keefe Plaza Hotel in the Central Business District for $10.75 million this month,CityBusiness reports. The six story, 129-room hotel is …  […]

  2. […] permits were filed this week with the City of New Orleans for the O’Keefe Plaza Hotel located at 334 O’keefe Avenue in the […]

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