The former Four Points by Sheraton in Metairie, La., now has new owners and a new flag. The Times-Picayune reports that OM Capital NOLA acquired the 220-room hotel last month for $11.9 million.
The sale was finalized shortly after the hotel switched from a Four Points to a Wyndham Garden, but "it's unclear if the conversion occurred under the new ownership."
OM Capital is based in the Fort Myers, Fla., office of Conor Acquisitions, whuch reportedly has interests in eight hotels across the south, and in New Jersey and Maryland.
The seller was 6401 Hoteliers, which previously acquired the hotel in 2004 for $6.7 million.