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HRI Lodging Names Larry Daniels General Manager of the
Chateau Bourbon New Orleans Hotel

Property to Undergo $18 Million Renovation and be Reflagged
as the Hyatt French Quarter Hotel

NEW ORLEANS, LA (September 29, 2011)
—Larry Daniels, who has worked with Hyatt for more than 25 years, has been named general manager of the Chateau Bourbon New Orleans Hotel, announced Gary Gutierrez, president of HRI Lodging, operator of the hotel.

“We are thrilled to have an experienced Hyatt executive like Larry Daniels join our HRI Lodging team,” said Gutierrez. “Larry brings us more than a quarter of a century of knowledge about how to operate a Hyatt property that will ensure a smooth and successful transition when Chateau Bourbon joins this prestigious brand,” he added.

HRI Properties, owner of the Chateau Bourbon Hotel, recently announced it has closed on a $45.7 million joint venture investment with Carey Watermark Investors Incorporated (CWI), a publicly registered non-traded real estate investment trust (REIT), that will include an $18 million renovation and change of flag to the Hyatt French Quarter Hotel, expected in the second quarter of 2012.

Daniels comes to the Chateau Bourbon Hotel from Dallas, where he managed the 811-room Hyatt Regency DFW since 2005. Prior to that position, he served as general manager of two other Hyatt Regency properties. He started with the Hyatt brand in 1980 and progressed through a number of executive positions until he was named a general manager in 1992.

He holds a bachelor’s degree in accounting from Rockhurst College in Kansas City MO.

“Joining HRI Lodging to manage the renovation and transition of the Chateau Bourbon to the Hyatt French Quarter is the opportunity of a career,” said Daniels.  “I have always loved New Orleans every time I have visited on both pleasure and business, and I look forward to becoming an active citizen of my new hometown,” he said.

About HRI Properties
Based in New Orleans, HRI Properties (HRI) is a full-service real estate development company and a national leader in the adaptive reuse of historic structures. HRI’s mission is revitalizing cities by creating diverse, vibrant, sustainable communities. For more information, go to www.hriproperties.com.

HRI Lodging operates hotel properties in New Orleans, LA; Shreveport, LA; Jackson, MS and Richmond, VA. HRI hotels include restoration of the D.H. Holmes department store in New Orleans into the Chateau Bourbon Hotel; the King Edward Hotel in Jackson and the Miller & Rhoads department store in Richmond, both of which fly the Hilton Garden Inn flag. For more information, go to www.hrilodging.com.

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Contact:

Sarah Gagnon
VP of Sales, HRI Lodging
(504) 281-4002
(504) 812-6393 (cell)
 sgagnon@hriproperties.com

Tom Long
Thomas Long Corporate Communications
504-283-8522
504-669-3030 (cell)
tom@thomaslong.net


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Also See: 170-room Hotel New Orleans to be Renovated and Reflagged as Hyatt Place New Orleans Convention Center by New Owner, a Joint Venture Between HRI Properties and Interwest Capital Corporation / July 2011

HRI Properties Appoints Marlene Macaluso General Manager at Hilton Garden Inn Jackson Downtown in Historic King Edward Building / June 2011

HRI Properties' Hilton Garden Inn Richmond Downtown in Richmond, Virginia is Participating in Virginia Green Program by Composting a Ton of Food Waste Per Month / March 2011

HRI Properties Appoints Andrea Richey Director of Sales for the Chateau Bourbon New Orleans, a Wyndham Hotel / January 2011

HRI Properties King Edward Hotel Revitalization Project in Jackson, Miss., to Receive Preservation Honor Award; National Trust for Historic Preservation to Present Award at Its National Conference / October 2010

Marlene Macaluso Named General Manager of Hilton Garden Inn French Quarter/CBD in New Orleans / August 2010

HRI Properties Appoints Tony Welch General Manager of Hilton Garden Inn Convention Center in New Orleans / February 2010
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