Close

Cart

Total $0.00

Checkout
Tampa, Fla.  (May 4, 2015) - The Plasencia Group is pleased to announce the sale of the Marriott Baton Rouge, located in Baton Rouge, Louisiana.  The firm represented the seller and owner of the 21-story, 299-room hotel. Dimension Development Company, a Louisiana-based hospitality management company, acquired the property.

"From the time the hotel opened in the early 70's as a Hilton, it has been one of Baton Rogue's premiere lodging establishments. While the hotel's physical plant has deteriorated to some degree over time, I anticipate the new ownership team will extensively renovate and reposition the hotel to its former prominence," commented Robert Wiemer, The Plasencia Group's Senior Vice President who led the disposition team. The Marriott Baton Rouge is the twelfth hotel The Plasencia Group has sold in Louisiana over the last four years.

The Marriott's location along Interstate 10 and substantial physical plant make it the most visible lodging establishment in the region. The hotel's central location within Baton Rouge, its popular brand, and its extensive meeting and banquet capabilities create a lodging establishment that has been a regional leader in the Baton Rogue hospitality market for most of its history. The hotel also benefits from its proximity to large industrial complexes, Louisiana State University and the state's capital. 

This transaction marks the largest sale of any other hotel in Baton Rouge since 2007. 

About The Plasencia Group

The Plasencia Group is a multi-faceted, full-service hotel investment and consulting firm offering Transaction Services, Capital Markets, and Consulting & Advisory Services throughout North America.   For more information, please visit www.TPGhotels.com.

Contact: Jodie Orozco, Vice President of Marketing & Partnerships

jorozco@tpghotels.com / (813) 932-1234

Related News

SCG Hospitality Acquires St. Pete's Historic Vinoy Renaissance Resort and Golf Club From RLJ Lodging Trust

The Plasencia Group Facilitates Sale of Hotel Indigo San Antonio-Riverwalk

Sale of Sheraton Metairie - New Orleans Hotel Facilitated by The Plasencia Group

Sale of Courtyard Fort Lauderdale Beach Led by The Plasencia Group

The Plasencia Group Closes Sale of DoubleTree by Hilton Salt Lake City Airport Hotel

Hilton Garden Inn Dallas/Richardson Transaction Led by The Plasencia Group

The Plasencia Group Advises on Cleveland Marriott Downtown at Key Center

The Plasencia Group Advises on Sale of Aloft Leawood-Overland Park

Sale of Holiday Inn Orlando-Disney Springs Area Handled by The Plasencia Group

Downtown Columbus Hotel Portfolio Transaction Led by The Plasencia Group

The Plasencia Group Closes Sale of Hilton University of Florida Conference Center Hotel

The Plasencia Group Advises on Sale of the Marriott San Diego Del Mar Hotel

The Plasencia Group Advises on Sale of the DoubleTree by Hilton Pittsburgh - Green Tree Hotel

The Plasencia Group Advises on Sale of the DoubleTree Denver-Westminster Hotel

The Plasencia Group Closes Sale of the Embassy Suites Chicago - Schaumburg/Woodfield Hotel

The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio - Northwest I-10 Hotel

The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio International Airport

The Plasencia Group Advises on Sale of The Former DoubleTree by Hilton Hotel Richmond Downtown

The Plasencia Group Completes Sale of DoubleTree by Hilton New Orleans

InterContinental Tampa Westshore Sale Led by The Plasencia Group

All News »

Please login or register to post a comment.