Provenance Hotels buys out partners in Old No. 77 Hotel & Chandlery in New Orleans

George Sell By George Sell
07 June 2016 | Updated 07 June 2016

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.

www.old77hotel.com

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