Strategic Hotels expected to sell Hyatt Regency New Orleans

01/10/2008 | Chicago Tribune (tiered subscription model)

Strategic Hotels & Resorts was expected to announce Thursday the sale of the Hyatt Regency New Orleans to Poydras Properties Hotel Holdings for $32 million. The 31-story hotel, next to the city's Superdome, has been closed since having 600 windows blown out in Hurricane Katrina. Global Hyatt Corp. is expected to continue management of the hotel upon its reopening.

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