Sunstone Offloads New Orleans Hilton for $47M

Sunstone offloads New Orleans Hilton for $47M

The real estate investment trust still has a JW Marriott hotel operating in the market, which benefits from robust tourism, per CEO Bryan Giglia.

Sunstone Hotel Investors Sells Hilton New Orleans St. Charles Avenue Hotel for $47M

NEW ORLEANS — California-based Sunstone Hotel Investors Inc. has sold the Hilton New Orleans St. Charles Avenue, a 252-room hotel in downtown New Orleans, for $47 million. The buyer was not disclosed. Situated in the central business district and near the French Quarter, the hotel was originally built in 1926 as the Louisiana Masonic Temple, according to the Hilton website. The Hilton New Orleans St. Charles Avenue offers a 24-7 fitness center, …