Prism to Manage Crowne Plaza Astor in New Orleans
Hotel Recently Acquired by RREEF and Loeb Partners Realty LLC
DALLAS, TX, September 19, 2007. Prism Hotels & Resorts has been selected to manage the 707-room, 4-diamond Crowne Plaza Hotel Astor in New Orleans, located at the gateway to the city's famous French Quarter. The hotel was recently acquired in a joint venture between RREEF and Loeb Partners Realty LLC.
"With New Orleans tourism back on the rise, we're thrilled to be managing this luxury hotel in one of America's most exciting and beloved destinations," said Steve Van, chief executive officer of Prism Hotels & Resorts. "We have the utmost confidence that the hotel will be significant contributor to helping the city return as a top travel destination."
Prism Hotels & Resorts currently manages more than 5,000 hotel and resorts rooms across the United States and the Caribbean.
"It's an exciting time to own one of the top hotels in New Orleans," said Nick Rizzo, managing director of Loeb Partners Realty. "We are excited to work in this great city, to participate in its rebuilding process and to partner with Prism Hotels & Resorts to make it happen."
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