HREC arranges sale of three Hampton Inns in New Orleans

HREC Investment Advisors arranged a portfolio sale of three Hampton Inn & Suites Hotels and one parking garage in downtown New Orleans. As a package, the hotel portfolio totals 598 upscale select service hotel rooms. Specifically, the New Orleans portfolio includes the 288-unit Hampton Inn and Suites – Convention Center; the 210-unit Hampton Inn and Suites – Downtown/French Quarter Area; the 100-unit Hampton Inn – Garden District/St. Charles Avenue; and the 529-space EZ Park Garage.

The HREC team on the transaction included Paul Sexton (VP - Orlando), Geoff Davis (President - NYC), Scott Stephens (COO- Tampa) and Mike Cahill (CEO & Founder - Denver) in cooperation with Hayden Wren of the New Orleans' based brokerage firm Corporate Realty, Inc.

The selling investment group was represented by Highpointe Hotel Corporation. The hotels were and will continue to be operated by Highpointe.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


The purchaser of the hotel was an entity related to a major international equity fund.