Quantcast

Illinois trust buys Loews New Orleans Hotel: $74M - KTBS.com - Shreveport, LA News, Weather and Sports

Illinois trust buys Loews New Orleans Hotel: $74M

Posted: Updated:

An Illinois-based investment trust has bought a New Orleans hotel for $74.5 million.

Inland American Lodging Group says Loews Hotel & Resorts will continue to manage the 285-room Loews New Orleans Hotel.

The 21-story hotel was sold by WNO Ownership LLC, led by business owners and developers Darryl Berger and Roger Ogden.

Inland American Lodging Group is a subsidiary of Inland American Real Estate Trust.

New Orleans CityBusiness reports that Orleans Parish Civil District Court records show WNO bought the former office tower for about $6.6 million in 2002 and spent $65 million to turn it into a hotel that opened in 2004. Part of that development included the $1 million restoration of the neighboring Piazza d'Italia.

 

  • Local NewsMore>>

  • Education chief gets favorable job review

    Education chief gets favorable job review

    Wednesday, April 16 2014 8:41 AM EDT2014-04-16 12:41:51 GMT
    John White, LA Superintendent of EducationJohn White, LA Superintendent of Education
    State Superintendent of Education John White has received a favorable job evaluation. The review was done by the state Board of Elementary and Secondary Education. Board President Chas Roemer announced
    State Superintendent of Education John White has received a favorable job evaluation.
  • KTBS Storm Team 3 Forecast

    KTBS Storm Team 3 Forecast

    Wednesday, April 16 2014 8:28 AM EDT2014-04-16 12:28:57 GMT
    Cold weather is forecast for tonight.  Warmer conditions are expected for the remainder of the week.
    Mostly sunny and mild today with highs in the 60s. Clear and down...
  • Shreveport firefighters, lawyers prepare for trials

    Shreveport firefighters, lawyers prepare for trials

    Wednesday, April 16 2014 8:27 AM EDT2014-04-16 12:27:14 GMT
    TRIAL DATES ARE SET FOR THE FIVE FORMER FIREFIGHTERS AT THE CENTER OF A SCANDAL THAT'S ROCKED THE SHREVEPORT FIRE DEPARTMENT FOR THE BETTER PART OF A YEAR.    WITH SO MANY SUSPECTS... SO MANY ACCUSATIONS...
    Trial dates are set for the five former firefighters at the center of a scandal that's rocked the Shreveport Fire Department for the better part of a year.  With so many suspects and accusations, there are at least nine trials to come.
Share Your Images
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KTBS. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
    Advertising | EEO Public File | KTBS 3 Public File | KPXJ 21 Public File