New Orleans, LA

Royal St. Charles

In December 2010, a joint venture between Clearview Hotel Capital and a partner acquired a non-performing first mortgage note secured by the Royal St. Charles Hotel, located in New Orleans, Louisiana. Clearview then worked with the borrower to acquire title vis-à-vis a friendly deed-in-lieu in February 2011. The 143-room hotel was originally constructed in 1973 as an office building and converted into a hotel in 1999. Clearview completed a comprehensive $2+ million renovation to the hotel in 2012. The hotel is located one block from the French Quarter and five blocks from the Morial Convention Center.

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