Stonebridge Companies Acquires Embassy Suites by Hilton New Orleans Convention Center Hotel
DENVER – Stonebridge Companies, a Denver-based, privately owned, innovative hotel owner, operator and developer, has acquired the 280-room Embassy Suites by Hilton New Orleans Convention Center hotel in partnership with an affiliate of Walton Street Capital, L.L.C. As the property owner and operator, the acquisition marks Stonebridge Companies’ entrance into the New Orleans market known for its food, music and culture. Details were shared in a press release.
The Embassy Suites by Hilton, included in the global brand of upscale, all-suite hotels from Hilton, is located at 315 Julia Street in the heart of downtown’s Arts and Warehouse District near the Ernest N. Morial Convention Center. The property is just minutes from the Mercedes-Benz Superdome, Smoothie King Center, Outlet Collection at Riverwalk and the Port of New Orleans Cruise Ship Terminal. The hotel is also situated near some of New Orleans’ most renowned attractions including the historic French Quarter, Bourbon Street and Harrah’s New Orleans Casino.
Stonebridge Companies’ portfolio features 60 hotels across the nation, including Embassy Suites properties in Anchorage, Alaska, and Austin, Texas. With the acquisition, Stonebridge Companies also welcomes the 65 team members supporting the property to its family of more than 3,000 associates.
The full-service hotel offers modern guest rooms and spacious two- and three-room suites, fitness center, outdoor pool, complimentary made-to-order breakfast, complimentary drinks and appetizers nightly at the Evening Reception, onsite restaurant Stacks, 24-hour business center and more than 8,000 square feet of versatile function space. The property participates in Hilton’s award-winning customer loyalty program, Hilton Honors®.
“Acquiring the Embassy Suites New Orleans Convention Center showcases our company’s continued growth and commitment to being recognized as an industry leader in hotel development, ownership and management,” said Navin C. Dimond, founder, president and CEO of Stonebridge Companies. “Entering into the New Orleans market signifies a true milestone for Stonebridge Companies, adding to our portfolio of 60 hotels across the United States with the opportunity to introduce our distinct mission of providing Distinguished Hospitality™ to additional guests.”