New Castle Acquires the Comfort Inn & Suites Downtown in New Orleans, LA for $9 million

New Castle Hotels & Resorts | February 3, 2015

Property to Undergo $10 million Renovation and Rebranding SHELTON, Conn. - (February 3, 2014) - Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, today announced the acquisition of the Comfort Inn & Suites Downtown in New Orleans, La., for $9 million. The hotel will undergo a $10 million renovation and rebranding that will debut in time for French Quarter Festival 2016. Located at 346 Baronne St., in the central business district and just one block off Bourbon St., the 103-key hotel marks New Castle's first acquisition of the New Year. "This hotel is a solid performer in a great location, w...