Hyatt Hotels announced that its affiliate has entered a management agreement with an affiliate of Waypoint NOLA, for the first Hyatt House hotel in New Orleans.
The project involves redevelopment of part of a 24-storey office building in New Orleans’ Central Business District into a Hyatt House hotel.
The redevelopment includes renovation of seven floors located within the building, with the lobby to be located on the 11th floor and the guestrooms on floors 12-17.
Expected to open in 2015, the 194-room hotel will be located at the corner of Poydras Street and Loyola Avenue, across the street from the Poydras Street streetcar stop.
Plans also reveal a second-floor skybridge to connect it with the Hyatt Regency, following a $275m redesign and revitalisation.
Waypoint NOLA owner and developer Christopher Robertson said: "We envision multiple impacts for this property including supporting the expanding group sales efforts at Hyatt Regency New Orleans, providing New Orleans with diversity in room product, accommodating extended stay hotels for the city’s advancing medical district, and increasing accessibility to the vibrant sports and entertainment district."
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Hyatt real estate and development vice president Jason Gregorek said: "We are delighted to be working with Chris Robertson on this project. This opportunity allows us to grow our relationship with a valued Hyatt owner, and to contribute to the ongoing economic success of New Orleans.
"This hotel will play an integral role in continuing to attract visitors to the city, and we look forward to introducing the Hyatt House brand to New Orleans."