Stonebridge Companies, a Denver-based, privately owned, innovative hotel owner, operator and developer, in partnership with an affiliate of Walton Street Capital, L.L.C., has acquired the 410-room Le Méridien New Orleans hotel. The acquisition is the group’s third in the New Orleans market and second in just over 12 months, having purchased the Embassy Suites by Hilton New Orleans in late 2018.
Le Méridien is located in the heart of downtown at 333 Poydras Street and is just steps away from Harrah’s New Orleans Casino, the legendary French Quarter, Bourbon Street and the renowned Warehouse Arts District. The property also provides convenient access to the New Orleans Ernest N. Morial Convention Center, Mercedes-Benz Superdome, Smoothie King Center and the Port of New Orleans Cruise Ship Terminal.
The full-service upscale hotel offers modern guest rooms and suites with sophisticated amenities, including boutique furnishings and destination-inspired artwork, and boasts a 24-hour fitness center, rooftop pool, onsite restaurants with all-day dining, a business center and more than 13,000 square feet of versatile event space. Guests can also earn and receive benefits through the Marriott BonvoyTM loyalty program.
“The acquisition of our first Le Méridien brand hotel and an additional property in New Orleans is a fantastic complement to our growing portfolio of more than 60 hotels and reinforces our position as an industry leader in hotel development, ownership and management,” said Navin C. Dimond, founder, president and CEO of Stonebridge Companies. “Last year we purchased the Embassy Suites by Hilton New Orleans and have enjoyed providing Distinguished Hospitality™ to our guests. New Orleans is truly a great American city, and the Le Méridien is ideally located for both leisure and business travelers alike visiting downtown New Orleans.”
Stonebridge Companies’ diverse portfolio of 63 hotels and more than 10,000 guest rooms includes select-service, extended-stay, mid-scale and full-service hotels stretching from Boston to Anchorage, Alaska to Southern California.
