Robert J. Guidry & David Bansmer Purchase New Orleans Hotel For $73M

The dual-branded Courtyard New Orleans Warehouse Arts District and Spring Hill Suites New Orleans Warehouse Arts District, boasting a total of 410 rooms near the Ernest N. Morial Convention Center, were sold for $73 million.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $73,000,000
• Address: 301 Saint Joseph Street & 300 Julia Street
• Market: New Orleans, LA
• Buyer: Robert J. Guidry - Guidry Land Partners & David Bansmer
• Brokers: Len Wormser & Scott Stephens - Hospitality Real Estate Consultants
• Keys: 410
• Price Per Key: $178,049

The deal was facilitated by brokers Len Wormser and Scott Stephens of Hospitality Real Estate Consultants, representing the buyer Robert J. Guidry of Guidry Land Partners and David Bansmer in the acquisition of the dual-branded hotel property.