Orient-Express Hotels has sold its luxury Windsor Court Hotel in New Orleans to The Berger Companies of New Orleans and Crow Holdings of Dallas.
The 322-room Windsor Court Hotel is close to the French Quarter, Central Business District, Convention Centre and Garden District.
More than 80% of the hotel’s rooms range from 600 to 2,000 sq ft.
Ron Danko, executive vice president at CBRE’s New York hotel group, which advised Orient-Express Hotels, said: “We were excited to represent Orient Express in structuring this highly visible transaction and assisting them to execute their broader portfolio strategy.
“Despite the uncertainty in the national and local economies, and fractured capital markets, we intuitively knew that a segment of the investment community would be induced by this once-in-a-lifetime opportunity.”
annabel.dixon@rbi.co.uk
