NEW ORLEANS | Project/Development Thread

[broadmoor]

Jaeger's Clarion Hotel in Kenner by the airport is going up for auction. The article mentions this is part of a bigger plan to offload properties but doesn't really talk about others besides mentioning that an auction normally wouldn't be done for more upscale hotels.

https://www.nola.com/news/business/c...d9803e8f3.html

[Chris from N.O.]

https://www.myneworleans.com/city-pa...%203%2C%202024Kind of a smaller project but renovations coming to Pan American stadium. Money coming from the Saints and FEMA. Saints donating a synthetic field to the stadium. There was also a shakeup in City Park leadership so this has quotes from the new boss Rebecca Dietz.

[Chris from N.O.]

Originally Posted by broadmoor

Jaeger's Clarion Hotel in Kenner by the airport is going up for auction. The article mentions this is part of a bigger plan to offload properties but doesn't really talk about others besides mentioning that an auction normally wouldn't be done for more upscale hotels.

https://www.nola.com/news/business/c...d9803e8f3.html

Interesting that hotels like this usually sell for around $50,000 a room. I'm no expert on this but I thought lots of nicer hotels cost something like 400,000 per room to construct.