NEW ORLEANS, LA – Carpenter & Company Inc. and Woodward Interests LLC have secured a $315.6 million loan to complete the renovation of the Four Seasons Hotel and Residences New Orleans in New Orleans, LA.
Vertically-integrated real estate private equity firm Madison Realty Capital provided the loan. JLL capital markets' Riaz Cassum and Henry Schaffer arranged the financing.
Located at 2 Canal St., the 33-story mixed-use tower includes a 341-key Four Seasons hotel, which opened in July 2021, and 92 residential condominiums that are operated by the Four Seasons. The residences, encompassing one-, two- and three-bedroom units and four-bedroom penthouses, have a separate private entrance from the hotel and are currently 50% sold.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
