HP Hotels to Manage 181-Room Sheraton Metairie New Orleans Hotel
May 17, 2017 2:02pm
Birmingham, AL. – May 17, 2017 - HP Hotels Management Inc., a Birmingham-based third party hotel management company, has been awarded the management contract for the 181-room full-service Sheraton Hotel in Metairie, Louisiana. Kerry Ranson, HP’s Chief Development Officer, made the announcement.
Recently purchased by HC Metairie 1 LLC, an affiliate of Hotel Capital, the Sheraton Metairie New Orleans Hotel will undergo an extensive, multimillion dollar renovation. Michael Collier, Hotel Capital’s CEO, commented, “We are very excited to invest in New Orleans which continues to positively transform into more of an international and institutional marketplace for commercial real estate owners while the annual tourism and convention business continues to climb. Metairie is the number one corporate corridor in New Orleans and is considered to be the geographic and economic center of the city between the airport and downtown so we love the location of this hotel. We are proud to join forces with HP Hotels as our management partners for this venture and know they will efficiently operate in this dynamic market.”
The upscale hotel is located at 4 Galleria Boulevard in the heart of Metairie’s upscale business district; centrally located between downtown New Orleans, the French Quarter, Garden District and Convention Center and is only minutes away from the New Orleans airport. Features include luxurious guestrooms and suites, Hedges Bar & Grill full-service restaurant with Cajun-inspired cuisine and complimentary wireless high-speed Internet access in all guest rooms, public spaces and event facilities. The flexible event space is designed for both corporate and special events. It features a large ballroom and multiple meeting rooms with the latest in technology and best-in-class catering options for any occasion. For convenience, guests enjoy the 24-hour fitness center and rooftop lap pool with 24-hour concierge services and covered parking.
“The Sheraton Metairie New Orleans is our first New Orleans property and provides a great opportunity to establish a firm footprint in a very dynamic market,” said Ranson. “It is a hotel that has great potential to become a market leader and we will be focused on making that happen quickly.”
For more hotel information, visit www.sheratonmetairieneworleans.com
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hc metairie 1,
sheraton metairie new orleans hotel,
HP Hotels is a 3rd party management group with a portfolio of over 30 hotels in 12 states comprised of Hilton, Marriott, InterContinental, Starwood, Choice, and Independent full-service and select- service hotels. With significant expertise in operations, asset management and profitability, HP has earned preferred hotel management company status with name brand hotel chains while ranking among the Top 50 Hotel Management Companies in the United States according to Lodging Hospitality Resources. To learn more about HP Hotels visit www.hp-hotels.com.
Hotel Capital, LLC is a private equity real estate investment firm that provides debt and equity capital to the hospitality industry. Founded by Michael Collier in 2010, the principals have completed over $3 Billion of hotel transactions including investment sales, acquisitions, brokerage, direct equity investments, preferred equity investments, joint ventures, conventional financing, CMBS, bridge, mezzanine, SBA, construction, discounted note acquisitions, loan modifications, bank and borrower advisory services for most of the major brands. www.HotelCapital.com
Sheraton Hotels & Resorts, part of Marriott International, Inc., makes it easy for guests to explore, relax and enjoy the possibilities of travel at more than 440 hotels in over 70 countries around the world. Sheraton continues to enhance the brand through innovative guest experience, differentiating design, multi-channel marketing and a sharp focus on service. Sheraton is proud to participate in the industry’s award-winning loyalty program, Starwood Preferred Guest®. Members can now link accounts with Marriott Rewards®, which includes The Ritz-Carlton Rewards® at members.marriott.com for instant elite status matching and unlimited points transfer.
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