Broussard businessman Bobby Guidry and Florida-based developer David Bansmer have purchased the dual-branded Marriott Courtyard/Springhill Suites hotels on Convention Center Boulevard for $73 million.
The purchase of the hotels, which together have 410 rooms and are located across from the Ernest N. Morial Convention Center, is the first significant hotel sale in the New Orleans area in more than a year. And it signals that investors have faith in the city’s hospitality industry as it continues to recover from COVID-era shutdowns, said Len Wormser, whose firm, HREC, brokered the deal.
Average occupancy in downtown hotels in 2023 was about 65%.
“It’s a positive development because it’s an in-state investor and signals something of a rebound in the market, which is going to have some significant tail winds over the next 18 months…
