Four seasons new orleans2/20/2023 ![]() ![]() ![]() JLL Capital Markets ’ Riaz Cassum and Henry Schaffer negotiated the financing. “We look forward to moving to the next stage of this exciting project as we raise the hotel quality bar in New Orleans.” Interested in a Hybrid or Virtual Event See our capabilities. “Madison Realty Capital has significant expertise investing in Four Seasons projects, and we are pleased with their team’s ability to work quickly and provide certainty of execution,” Richard Friedman, president and CEO of Carpenter & Company, said in prepared remarks. Carpenter & Company and Woodward Interests scored 315.6 million to complete the renovation of the Four Seasons Hotels and Residences New Orleans at 2 Canal Street. Morial Convention Center for business travelers and the Caesars Superdome and Smoothie King Center for sports fans. Geared to meet the needs of various visitors to The Big Easy, the hotel sits close to the Ernest N. The Four Seasons sits in a prime location roughly 20 minutes from the city’s two airports. It’s also home to Vue Orleans, a 360-degree observation deck with panoramic views of the city. The property will include event space, two restaurants, an outdoor pool and private gardens. Four Seasons New Orleans 2 Canal Street, French Quarter (Vieux Carré), New Orleans, LA 70130, United States of America Excellent location show map 9. In July 2021, the penthouse sold for just under $13 million, according to the Wall Street Journal. The 341-key hotel, at 2 Canal Street, is part of a 33-story mixed-use tower with 92 condominium units on the top floors, roughly half of which are now sold. “We are pleased to leverage our familiarity with the Four Seasons brand to deliver a timely and customized financing solution to an experienced borrower group for a well-recognized New Orleans landmark with exciting cultural attractions,” Zegen added. Renderings of the proposed 360 million Four Seasons hotel and. The deal followed a $210 million MRC loan to the same sponsor in 2019 for its construction of the 22-story Four Seasons Hotel and Private Residences Fort Lauderdale. It will have 341 guest rooms, 92 private residences and various event spaces, including in the distinctive cupola topping the tower. In July 2021, the firm provided a $105 million loan to Fort Partners for the acquisition and renovation of the Four Seasons Hotel Miami. MRC is no stranger to Four Seasons assets, and this deal completes a lending hat trick. Learn More About The Offerings & Features of Four Seasons Hotel New. “The Four Seasons New Orleans is well positioned along the Mississippi River, between the French Quarter and Central Business Districts, to capitalize on the demand from New Orleans’ robust tourism market and expanding business district,” Josh Zegen, managing principal and co-founder of MRC, said. Discover Four Seasons Hotel New Orleans an American Express Travel Luxury Property. SEE ALSO: Merchants Capital Closes $180M Multi-Investor Fund for 2,400 Affordable Homes ![]()
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