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KeyBank Secures $43.5M Loan for Hotel Portfolio in New Orleans

Renaissance New Orleans Arts Hotel KeyBank

The 217-room New Orleans Arts Hotel was constructed in the early 1900s and renovated in 2013.

NEW ORLEANS — KeyBank Real Estate Capital has secured a $43.5 million loan for a two-property Renaissance hotel portfolio in New Orleans. John Hofmann of KeyBank arranged the non-recourse CMBS loan with a fixed interest rate. The two properties — the 272-room New Orleans Pere Marquette Hotel and the 217-room New Orleans Arts Hotel — were constructed in the early 1900s and renovated in 2013.

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