Real EstateAcquisitionsLe Meridien to Debut in New Orleans Following Conversion

Le Meridien to Debut in New Orleans Following Conversion

NEW YORK—Starwood Hotels and Resorts Worldwide announced plans to debut Le Méridien in New Orleans. Le Méridien New Orleans is set to open in Fall 2014. The hotel, which currently operates under Starwood’s W brand, was recently sold by the company to Chesapeake Lodging Trust for $65 million this past April. Chesapeake will begin the comprehensive $29 million renovation and conversion in April 2014 and complete the project by the end of the fourth quarter.

“We are proud to debut the Le Méridien brand in the culturally rich city of New Orleans,” said Brian Povinelli, global brand leader, Le Méridien and Westin Hotels. “With a bullish pipeline and re-developed brand strategy, Le Méridien continues on a remarkable growth trajectory, connecting with guests through the arts, culture, and cuisine in key cities around the world.”

Le Méridien New Orleans will offer 410 fully renovated guestrooms and bathrooms as well as upgraded fitness center, rooftop pool, and more than 10,000 square feet of meeting facilities. The hotel’s restaurant and lounge, along with all other public areas, will also be transformed to implement Le Méridien brand elements and signature offerings.

The hotel is Chesapeake Lodging Trust’s fifth Starwood property, joining W New Orleans – French Quarter, W Chicago – City Center, W Chicago – Lakeshore and Le Méridien San Francisco.

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