Chesapeake buys W New Orleans for $65 million

After closing its purchase of W New Orleans – French Quarter from Starwood earlier this month, Chesapeake Lodging Trust on Thursday completed the acquisition of W New Orleans for US$65 million from Starwood Hotels & Resorts Worldwide. The 410-room W New Orleans, located on 333 Poydras Street, features approximately 10,000 sq ft (929 sq m) of flexible meeting space, two bars and a full-service restaurant, a roof top pool with a large deck, and a fitness center. “We are fortunate to have a quality portfolio of owned assets in a number of high barrier-to-entry markets. With continuing improvements in hotel industry…
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