The hospitality division of NAI/Latter & Blum sold the site of the future 90-room Fairfield Inn & Suites adjacent to the Belle Terre Country Club and subdivision in LaPlace, La. The sale is the catalyst of a 500-acre, mixed-use development planned alongside the Belle Terre.
The hotel will be located between I-10 and Belle Terre Golf Club.
"This is the last remaining large, undeveloped parcel of land fronting I-10 for at least 100 miles in either direction, and the Fairfield Inn & Suites will be the catalyst of this 500-acre, mixed-use development,” said Leonard Wormser, senior managing director of hospitality for NAI/Latter & Blum. “It’s an unbeatable location convenient to residents in Belle Terre and to the thousands of travelers who traverse this 1-10 corridor each week.”
NAI/Latter & Blum was the sole broker in the transaction. The company is the commercial division of Latter & Blum. Its existing offices are located in Baton Rouge, Lafayette, Alexandria, Lake Charles and New Orleans, and are part of the NAI Global Network, a managed commercial Real Estate network with more than 350 offices worldwide.
The Hospitality Division of NAI/Latter & Blum services hotel investors and develops hotels with a portfolio of available properties of varying scale. Since 2010, the hospitality division has sold and developed over $1.25 billion in lodging transactions in New Orleans and the surrounding region.