TriGate Capital Partnership Purchases Hotel in New Orleans, LA
Trigate Capital, with partner Stout Street Hospitality, has acquired a 97-room boutique hotel in New Orleans. The soon to be reflagged “Magnolia” is located within New Orleans’ CBD and is walkable to city’s major tourist destinations. Trigate will reflag the hotel as a Magnolia, a franchise owned by Stout Street, upon completion of a comprehensive renovation. In the interim, the hotel will operate as the Royal Crescent Hotel.
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