The Four Seasons Hotel and Private Residences New Orleans entered a new phase with a September 15th financing and partnership signing ceremony. The event at the former World Trade Center building at 2 Canal Street was attended by more than 100 local civic, business, governmental, economic development and tourism leaders. The agreement further demonstrates the commitment of some of the world’s most experienced and respected investors in this $360 million hotel and private residences development at the foot of Canal Street. The world-class project represents one of the largest real estate investments in New Orleans’ history and is poised to be a major economic generator and job creator for the City. It is estimated to create an estimated 1,600 jobs during construction with a minimum 35% DBE participation commitment.
Mayor Mitch Landrieu addressed the significance of this agreement stating that this group of investors:
“epitomizes how far this city has come and how far we actually can go.”
Once completed, the Four Seasons Hotel and Private Residences New Orleans will:
- Bring over 400 full-time post-construction jobs to the City
- Produce hundreds of millions of dollars in tax revenue for the City and State
- Raise the bar of performance for the City’s tourism and hospitality industry
- Provide further proof of the City’s reemergence as a destination and residential community of choice