NewcrestImage and Baywood Hotels Start Joint Venture Canopy by Hilton in Downtown New Orleans

USA, Columbia, Maryland. February 19, 2020

Dallas-based NewcrestImage and Baywood Hotels, Inc., based in Columbia, Maryland, will begin historic renovation construction in early February of a 176-room, 14-floor Canopy by Hilton in downtown New Orleans. This joint venture launches the third hotel in New Orleans for NewcrestImage and the fourth hotel in Louisiana for Baywood.

Canopy by Hilton New Orleans Downtown is scheduled to open in the summer of 2021 at 1100 Tulane Avenue in the heart of the Central Business District, immediately adjacent to the French Quarter. It will revive the former Oil and Gas Building, which originally opened in 1959 and was placed on the National Register of Historic Places in 2014 for its innovative use of glass, steel, and abstract geometry in a skyscraper.

"We are a development company that is very much about preservation, conservation, and adaptive-reuse," said Mehul Patel, Chairman and CEO of NewcrestImage. "This new hotel will preserve the past and make it work for the present."

According to Patel, Canopy New Orleans Downtown will incorporate the stylish furnishings, latest technology, and elegant amenities of upscale brands - all offered with the feel of a lifestyle property that respectfully and creatively connects with the local community.

Special features will include a fine dining concept restaurant and meeting space with a terrace balcony.

Added Al Patel, President of Baywood Hotels, "We are combining the glamour of yesterday with the cool and comfortable of today. Our guests will enjoy a little bit of classic, a little bit of modern, and a whole lot of the neighborhood character."

"We can't wait to open our doors in New Orleans," said Gary Steffen, global head, Canopy by Hilton. "Our Canopy hotel will celebrate the city's spirit and enable locals and visitors to enjoy its renowned food, architecture, entertainment and culture."

The property is located within walking distance of such attractions as the Mercedes-Benz Superdome; the Ernest N. Morial Convention Center; the Audubon Aquarium; Harrah's Casino; and two historic squares - Jackson and Lafayette.

Also nearby is the warehouse and arts district, as well as a wide range of medical facilities, notably the Tulane Medical Center; the University Medical Center of New Orleans; and the LSU Health Center, including its School of Medicine and School of Nursing.

Established in 1975, Baywood Hotels owns and operates a portfolio of more than $1 billion in hotel assets that includes more than 110 properties in 18 states and Gujarat, India.

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