Maison DuPuy Hotel
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| Location: | New Orleans, LA |
| Rooms: | 200 |
| Equity Invested: | $9.2 MM |
| Proceeds: | $25.1 MM |
Investment Results
- 26.0% IRR
- 2.7x multiple on invested equity
- RevPAR market share increased 19% by year 3.
Opportunity
- Off market deal
- Excellent location in French Quarter
- Under-funded and under-performing in its market
Value Added
- Renovated and repositioned
- Added five-star restaurant
- Replaced low-rated cruise ship business
- Pioneered internet marketing strategy
