Group Led by Robert J. Guidry Acquires Dual-Branded Courtyard and SpringHill Suites New Orleans for $73 Million

HREC | May 6, 2024

First Major Hotel Sale Since Early 2023 Signals Rebound of Hotel Market Sales NEW ORLEANS, May 6, 2024-- Len Wormser, Senior Vice President and Scott Stephens, Senior Principal and Chief Operating Officer of Hospitality Real Estate Counselors (HREC), together with Cushman Wakefield Commercial Real Estate Services, are pleased to announce the sale of the 410 room Marriott dual branded New Orleans Courtyard and Spring Hill Suites Hotels located near the Ernest N. Morial Convention Center/Arts and Warehouse District of the Central Business District.  The purchase price was $73 million. Robert J. Guidry along with Guidry Land Partners ...