Ashford Hospitality Trust has acquired the 226-room Le Pavillon Hotel in New Orleans, Louisiana for $62.5m and W Atlanta Downtown hotel for $56.8m.
Le Pavillon Hotel is near to the city’s major sporting venues, the Mercedes Benz Superdome and Smoothie King Arena, as well as Louisiana’s largest convention centre, Morial Convention Centre.
The property’s amenities include a crystal room restaurant, gallery lounge, business centre, valet parking, rooftop terrace and a pool and fitness facility.
Ashford Hospitality Trust chairman Monty Bennett said: "The Le Pavillon hotel has an excellent location in downtown New Orleans, and with its proximity to the major demand generators in the market, is well-positioned to continue to capitalise on the strength of the New Orleans market."
Ashford Hospitality Trust also signed an agreement to acquire 237-room W Atlanta Downtown hotel, for $56.8m.
Located in the centre of downtown Atlanta, the property is near to local attractions, including the Civil Rights Museum, Atlanta Aquarium, World of Coca Cola Children’s Museum of Atlanta, Georgia Dome and College Football Hall of Fame and Centennial Olympic Park.
The hotel features 9,000ft² of meeting space, a partially-covered outdoor infinity pool and a bar, as well as modern FIT fitness centre and BLT Steak restaurant.