NEW ORLEANS, Louisiana—The Plasencia Group introduced that it has facilitated the sale of Le Pavillon New Orleans, a Tribute Portfolio Lodge. The adjoining lot on the nook of Poydras and Carroll Streets was additionally included within the sale. The property was acquired by a bunch led by Robert J. Guidry, together with Guidry Land Companions and Orlando businessman David Bansmer. For The Plasencia Group, Senior Managing Director Robert Wiemer and Managing Director John Plasencia led the transaction.
“This acquisition continues to point out our perception within the power of the New Orleans hospitality market, as our lodge portfolio within the metropolis is now nearing 1,000 rooms,” mentioned Guidry. “New Orleans presents an unequalled attraction to guests throughout the demand spectrum, from convention-goers to enterprise vacationers to vacationers.”
The 226-key lodge initially opened in 1907 and was affiliated with Marriott’s Tribute Portfolio in 2024 after finishing an intensive renovation. Le Pavillon advantages from a strategic location on Poydras Avenue, New Orleans’ prime company hall, and proximity to all the town’s lodging demand mills.
“Le Pavillon has been an iconic fixture of New Orleans’ world-famous hospitality panorama for greater than a century, and it’s becoming that it has returned to native possession,” commented Wiemer.
“We recognize the belief our institutional shopper positioned in us to information the sale of this New Orleans landmark, and we stay up for the property’s continued success beneath its new proprietor,” Plasencia added.
