Sonnenblick-Eichner Co. Arranges $46 MM Loan on New Orleans Boutique Hotel
By: Sonnenblick-Eichner Co.
The hotel is excellently located just two blocks off of Bourbon Street at the corner of Toulouse Street and Burgundy Street. The French Quarter is the center of New Orleans' hospitality economy and among the world's most recognized and popular tourist destinations. The hotel offers the highly-rated Bistreaux Restaurant and Bar, an oversized 4,088-square-
"We were successful in attracting numerous competitive financing quotes from a variety of financial institutions for this opportunity. We ultimately funded the transaction with a global asset management company that has a dedicated real estate lending platform," said Sonnenblick-
"New Orleans is a market where we have completed numerous transactions. We arranged financing for the Old 77 Hotel in the Warehouse District, the Mazarin Hotel in the French Quarter, and other properties including The Shops at Canal Place, the Doubletree by Hilton New Orleans, as well as the Courtyard by Marriott Downtown/Convention Center and the Springhill Suites Convention Center," added Sonnenblick-
DB&R Marketing Communications, Inc.