US: Portland-based hotel operator Provenance Hotels has purchased Old No. 77 Hotel & Chandlery in New Orleans for an undisclosed price, via an investment fund subsidiary.
US: Provenance Hotels Partners Fund I, an investment vehicle sponsored by Portland-based hotel operator Provenance Hotels, has purchased Old No. 77 Hotel & Chandlery in New Orleans for an undisclosed price.
The 167-room boutique hotel is located at 535 Tchoupitoulas St. in New Orleans’ Warehouse Arts District. The hotel features Compère Lapin, a French and Italian restaurant helmed by chef Nina Compton. Provenance Hotels bought out the ownership stake in Old No. 77 from its partners – affiliates of New York-based GB Lodging and Dallas-based Woodbine Development Corp. The trio opened the hotel in August 2015.