Hyatt Regency New Orleans

Hyatt Regency New Orleans

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Hyatt Regency New Orleans

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Description:
Hyatt Regency New Orleans, located at 500 Poydras Plaza in the Central Business District of New Orleans, Louisiana, is a 31-story, 1,184-room hotel. It is -tall.

It is part of a complex of connected buildings, which includes the Louisiana Superdome, 1250 Poydras Plaza, Entergy Tower, and the Benson Tower.

Closure and Current Status

The structure received heavy damage during Hurricane Katrina in August 2005 and has been shuttered ever since. The previous hotel owners, Chicago-based Strategic Hotels and Resorts Inc., along with other investors announced in early 2006 a plan to redevelop the area around the Superdome (including the adjacent hotel) into a performance art park called the "National Jazz Center." The plan, designed in concept by Pritzker Award-winning architect Thom Mayne, was later abandoned.

Poydras Properties Hotel Holdings acquired the Hyatt from Strategic Hotels & Resorts Inc. for $32 million in 2007.

On February 20, 2009, the State Bond Commission approved $225 million in special low-cost bonds to help renovate the Hyatt Regency.

Hyatt issued a statement in August, 2010, announcing a redevelopment effort carrying a price tag of $275 million. The redesign of the 31-story building, just next door to the Louisiana Superdome, calls for of meeting and exhibition space, two restaurants, two bars, and a coffee bar. The hotel re-opens October 19, 2011.

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