For the first time in nearly 20 years, the Windsor Court Hotel in downtown New Orleans is back in local hands. The new local ownership team, led by The Berger Company of New Orleans, closed on the storied 322-room property today for an undisclosed price. For the Windsor Court purchase, The Berger Company teamed up with local investor and renowned hand surgeon Dr. Eric George, owner of Omega Hospital in Metairie, Louisiana.
'The Windsor Court is one of the premier hotels in America, enjoying a reputation for unmatched elegance, location and guest services,' said Darryl Berger, Jr., a principal of The Berger Company. 'The Coleman family developed this hotel to the highest standard of luxury and we intend to maintain and improve its tradition of excellence.'
The award-winning hotel, located at 300 Gravier Street, was sold to the new local ownership team by Orient-Express Hotels Ltd., a publicly-traded hotel and leisure company that operates high-end hotels, cruise and train services around the globe.
"As a customer, I know that Windsor Court is one of the best hotels I have ever experienced and I am very pleased to be an investor in such a magnificent property," said Dr. George.
In addition to The Berger Company and George, the other principal partner in the deal is Dallas-based Crow Holdings, a firm that manages investments for the family of well-known real estate giant Trammell Crow. Debt financing for the deal is being provided by IBERIABANK.
"In these uncertain economic times, IBERIA did a great job in making this transaction possible. They understand this project, and believe, as we do, in the continued recovery of our great city,' explained Ben Tiller, a principal of The Berger Company.
The new owners plan to carry out a major renovation and improvement program at the Windsor Court during the next two years. All Hotel personnel will remain the same in order to ensure a seamless transition. The new owners have brought in Texas-based Aimbridge Hospitality to coordinate management.
'The Windsor Court has always been recognized at the pinnacle of the New Orleans hotel market, and it is our intention to continue its tradition as one of the finest hotels in the country and, indeed, in the world,' said Brandon Berger, principal of The Berger Company.
The Berger Company is headquartered in New Orleans and has over 35 years of experience in real estate. The company owns and has developed many signature properties including Jax Brewery; Canal Place, a five-star retail center anchored by Saks Fifth Avenue; the Royal Orleans Hotel; the Wyndham Riverfront and the Loews New Orleans Hotel.
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