Four Seasons picked for redevelopment of NOLA's WTC

Looks like Four Seasons is coming to New Orleans.

As local WGNO reports, the "worn out" World Trade Center building at 2 Canal Street is set to become a Four Seasons hotel after the design and construction team of Carpenter and Co./Woodward were selected out of a pool of five finalists.

Carpenter & Co. president and CEO, Richard Friedman, told WGNO that New Orleans is ready for a Four Seasons. “Four Seasons is not a company that goes just anywhere. They’re very selective. We’re going to build the best hotel this city’s ever seen,” he said.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

While the project is still in its infancy, the reported $360-million plan would turn the 1960’s office building into a 350-room luxury hotel along with 76 hotel-serviced private homes. The former Top of the Mart revolving rooftop bar would become a two-story observation deck.

The announcement, however, is not the final one. The selection committee’s recommendation now goes to the board of directors for the New Orleans Building Corporation, which will decide if negotiations "should begin with developers to turn the dilapidated eyesore into the Four Seasons New Orleans."

 

Suggested Articles

DTZ Investors has purchased the property along with other real estate for more than £70 million.

The company will sell an approximately 5 percent stake in the Shanghai-based hotel operator and franchisor for a nine-figure sum. 

Over the span of a few weeks, four hotels—three Marriott brands and a Cambria Hotel—have opened in the Phoenix area.