Laurus Corporation completes $2.7M renovation and rebranding

Laurus Corporation has announced it has completed the $2.7-million renovation and rebranding of the Ramada Suites Hotel at New Orleans Airport to a Holiday Inn Express. The renovation included a complete overhaul of the guestrooms, public areas, exterior facade and landscaping.
Laurus acquired the 130-room property in March 2012.

The hotel is located at the entrance of James Business Park, a 200-acre business park offering more than two million square feet of commercial space. It is also adjacent to the Louis Armstrong New Orleans International Airport.

"In 2012, the number of visitors statewide was projected to reach 24.8 million people with total visitor spending estimated at $9.1 billion," said Philip Cyburt, CEO of Laurus Corporation. "The hotel's proximity to a bustling airport and its location in a vigorously recovering market will make it a prime destination for visitors."

"The extensive renovation program will enhance the hotel's brand in a well-performing marketplace as well as increase the asset's performing value," said Austin Khan, CIO of Laurus Corporation.

Exterior renovations include a new pool deck, courtyard deck and fountain, landscaping surrounding the property and a new paint job. The lobby, breakfast area and conference rooms feature new flooring, light fixtures, window treatments, furniture and televisions. Guestrooms have new flooring, furniture, lighting and window treatments and upgraded fixtures in the guest bathrooms.

The hotel has 3,000 square feet of meeting space and two on-site restaurants.


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