Newstream Capital Partners Opens IHG Branded Hotel Indigo French Quarter in New Orleans
HP Hotels Supervised Conversion and Rebranding and Will Serve as Third-Party Property Manager
Newstream Capital Partners has announced the opening of its 10-story, 143-key IHG Hotel Indigo New Orleans - French Quarter. The complete renovation and conversion of the former Royal St. Charles was orchestrated by Newstream, who managed the hotel's property improvements. HP Hotels assisted on the rebranding and will be the hotel's third-party property manager. Newstream Capital Partners President, CEO and Partner Tim Nystrom made the announcement.
Hotel Indigo is an upscale boutique brand of the Intercontinental Hotel Group (IHG) that emphasizes an authentic guest experience and connection to neighborhood. With its premier location at 705 Common Street and St. Charles steps from the French Quarter, the Hotel Indigo New Orleans - French Quarter will offer exceptional convenience and a high level of service for both business travelers and tourists to the Crescent City.
"The Hotel Indigo brand will help us capture the special appeal of this property with its efficient use of space, terrific access to both the French Quarter and the Central Business District and singular guest experience," Nystrom said. "We can enhance an independent boutique hotel experience with the brand marketing support and loyalty programs of IHG. In addition, we chose HP Hotels to manage this property because of the company's understanding of and experience in the New Orleans market."
"We are pleased to once again be working with Newstream and longtime brand partner IHG on this exciting property that captures the true vibe of New Orleans, where everyone is encouraged to live as their authentic selves," added HP Hotels CEO Kerry Ranson, "The all-new Common Interest Restaurant & Lounge will also reflect this spirit and we expect demand from guests to continue to grow in the coming year."
Located in a Historic Commercial and Mixed-Use District, the Hotel Indigo New Orleans - French Quarter, whose original hotel on the property opened in 1837, sits along the historic St. Charles streetcar line, the oldest continuously operating streetcar line in the world; just steps from the French Quarter and within walking distance of other key area attractions, including Harrah's Casino, the Audubon Aquarium of the Americas, the Shops at Canal Place, the Mercedes Benz Superdome, Smoothie King Center, National World War II Museum, and the New Orleans Memorial Convention Center.
The hotel's Common Interest Restaurant & Lounge is designed to capture the diverse convergence of all this unique corner has to offer. From pampered hotel guests, to celebrities, and the "who's who" of New Orleans, each group has a Common Interest and this location provides a destination for them to gather and discuss all aspects of New Orleans' culture they are experiencing together.
The Hotel Indigo New Orleans - French Quarter is pet friendly and features Common Interest Restaurant & Lounge; Concierge Services; complimentary Internet access; an on-site Health and Fitness Center; and a total of 3,000 square feet of meeting space. Valet parking is available.
About Hotel Indigo
Hotel Indigo is a global, luxury boutique hotel brand of the Intercontinental Hotel Group (IHG). Just as no two neighborhoods are alike, neither are any two Hotel Indigo® properties. When you stay with us, you're not just staying anywhere, you're staying somewhere-within a vibrant community, in a unique boutique hotel that combines authentic local experiences, modern design and intimate service with the peace of mind and consistency of staying with one of the world's largest hotel groups.
About Newstream Capital Partners
Founded in 2015 and based in Roanoke, Texas, Newstream Capital Partners is a sponsor and manager of diversified real estate investment offerings for accredited and sophisticated investors and institutions seeking income-oriented alternatives to the public equity markets. Boasting a heritage of hospitality, commercial and residential real estate expertise, and a solid track record under the Newstream Capital Partners umbrella, the company currently serves hundreds of investor partners in our investment/development portfolio.