NOLA's city planning denies $120M hotel development

Kishore Motwani of New Orleans and developers Wischermann Partners of Minneapolis have lost out on their attempt to develop a project that would ultimately include two Marriott-branded hotels. The developers had sought a conditional use permit and the demolition of three historic buildings, but it was rejected by the City Planning Commission, reports Canal Street Beat.

There reportedly was major opposition to the development from neighbors and historic preservationists. 

The property is owned by Motwani, a real estate and business owner. Motwani’s co-developer on the project is Minnesota-based Wischermann Partners.

The 373-key Residence Inn and Springhill Suites would have included an outdoor pool on the fifth floor, a restaurant on Tchoupitoulas Street and a 168-spot parking garage on the first four floors.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Suggested Articles

Service Properties Trust, Host Hotels & Resorts, Caesars Entertainment and Vici Properties have completed multimillion-dollar hotel deals.

Serving as an attractive alternative to traditional financing arrangements, hotel sale-leasebacks may offer a solution for many businesses. 

In its SEC prospectus summary, the company acknowledged it might not be able to achieve profitability.