The property is located in downtown New Orleans and is within walking distance to restaurants and event centers.

The property brings a combined 197 rooms to the area, and will be operated by Plamondon Hospitality Partners of Frederick, Md.

The property, which is located directly on Pier 1 in Brooklyn Bridge Park, was designed with equal parts sustainability and luxury in mind.

The company's recent earnings call revealed stalling revenue per available room and weaker-than-expected group bookings.

Amid a low-growth RevPAR environment, the combined Marriott/Starwood ventures into 2017 as one.

Ocean Properties built the hotel 22 years ago, and is now partnering with Margaritaville to breathe new life into the resort.

The hotel is the first DoubleTree by Hilton property in Evansville and third in Indiana.

The company's 30th hotel is also its second in the state of Utah.