Chesapeake Lodging Trust has purchased the W New Orleans – French Quarter from Starwood Hotels and Resorts Worldwide, Inc. Selling the property for $25.5 million, the Trust has entered into a long-term management contract with Starwood to continue to operate the Hotel.
“We are very excited to expand our Starwood relationship with our third W hotel and fourth Starwood-branded hotel, including the Le Meridien San Francisco,” says James L. Francis, president and CEO of Chesapeake Lodging Trust. “This hotel is in a fantastic location and is in exceptional condition following Starwood’s recently completed comprehensive renovation program. With the hotel’s first four diamond rating in its history, we believe this is the perfect asset for Chesapeake to enter the rebounding New Orleans marketplace.”
The W New Orleans – French Quarter features 97 guestrooms and four carriage house studio suites. Influenced by New Orleans’ history and culture, the renovated rooms offer two themes: Jazz-themed rooms include golden yellow walls and a floor-to-ceiling brass image modeled after a horn and Tarot rooms are inspired by New Orleans’ voodoo queen, Marie Laveau. A new fitness center and a Creole restaurant, SoBou, were also included in the renovations.
