HRI Properties Begins Construction on New Homewood Suites in New Orlean's French Quarter
NEW ORLEANS, LA. January 26, 2016 - HRI Properties recently began construction on the site of the future Homewood Suites New Orleans French Quarter. Construction on the property began in December 2015 with a targeted opening date of second quarter 2017. HRI Lodging, an affiliate of HRI Properties, will manage the hotel under a franchise agreement from Hilton Hotels.
The Homewood Suites New Orleans French Quarter is a new construction, 207 room extended stay hotel featuring one and two room suites that are equipped with a full kitchen including refrigerators and dishwashers. Amenities include valet parking, flexible meetings space, a business center, and swimming pool and fitness facilities. Located on Rampart Street, adjacent to the historic New Orleans French Quarter, the property is a short walk to Jackson Square, Bourbon Street, the Central Business District and the Saenger Theater. Prior to the hotel opening, the new Rampart streetcar line is expected to be completed, giving guests access to both the Canal Street and St. Charles Avenue lines with easy access to City Park, Audubon Park, the Garden District, shopping at Canal Place and the Riverwalk, among numerous other local attractions.
“Today's traveler is seeking authentic experiences,” said HRI president and chief operating officer, Tom Leonhard. “Our close proximity to the French Quarter, the heart and soul of our city, provides our future guests with a truly authentic, world renowned playground within steps of their all-suite hotel.”
The $40 million project is another advancement of HRI's ongoing Bienville Basin Choice Neighborhoods revitalization of the former Iberville public housing complex. Originally the site of the famous Storyville neighborhood, the area was widely regarded as the “birth place of jazz” and was home to famous musicians including Buddy Bolden, Jelly Roll Morton, and Pops Foster.
HRI Properties is a nationally recognized, vertically integrated developer, owner and operator, focusing on the adaptive reuse of historic buildings and creating diverse, vibrant and sustainable communities.
HRI Lodging is a premier manager of hotels nationwide, including 23 hotels under management for its affiliate HRI Properties and numerous third party hotel owners.
About HRI Properties
Founded in New Orleans in 1982 by Edward B. Boettner (1933-2000) and Pres Kabacoff, HRI Properties (HRI) is dedicated to the pursuit of rebuilding neighborhoods and recreating entire communities. Through its subsidiaries, HRI has completed 77 large-scale projects for a total funding value of over $2.2 billion which include 5,226 apartment units, 4,725 hotel rooms, and more than 1.4 million square feet of office and retail space. HRI is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI's mission is - Revitalizing Cities by Creating Diverse, Vibrant and Sustainable Communities. For more information, please visit our website at www.hriproperties.com.
About HRI Lodging
HRI Lodging, LLC. (HRIL) is one of the 50 largest hotel management companies in the U.S. with a current portfolio of 23 hotels and resorts spanning the continental U.S. By building alliances with major domestic and international investment firms, the organization pursues a dual mode growth strategy of managing independent, boutique properties as well as partnering with industry leading brands, including Starwood, Marriott, Hilton and Hyatt. HRI Lodging is the hotel management division of New Orleans-based HRI Properties, a full-service real estate development company and a national leader in the adaptive reuse of historic structures. For more information, please visit www.hrilodging.com
Contact:
Kristen Jordan-Wood
[email protected]
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
