HRI and Rockbridge Acquire Country Inn & Suites New Orleans French Quarter

Rockbridge | December 5, 2016

NEW ORLEANS – December 5, 2016 – HRI Properties, LLC (HRI) and investment firm Rockbridge announced today through a joint venture, the acquisition of the Country Inn & Suites New Orleans French Quarter, located at 315 Magazine Street, near the city's central business district. The joint venture, the first between the firms, will be led by Rockbridge. HRI Lodging, LLC (HRIL), a subsidiary of HRI, will manage the 155-room hotel which will undergo major renovations and repositioning beginning second quarter of 2017 and will be completed by late 2017. "We have an opportunity to create a unique and special property in a first...