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The Ritz-Carlton Hotel & Spa
New Orleans, LA (
Asset Management, Hotel Recovery
)
Keys: 832
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Quorum was engaged in 2000 by the majority partner to replace the developer of this 3-hotel, $300 million, 800-key complex under construction in New Orleans, Louisiana. Quorum assumed the role of General Partner and supervised the completion of construction and the opening activities of the Ritz-Carlton Hotel Company. Since opening, Quorum was tasked with the enormous rebuilding process in the aftermath of Hurricane Katrina and the coordination of ownership's $100M insurance claim. The complex was successfully re-opened in December 2006. Quorum continues to asset manage the activities of Ritz-Carlton.
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Quorum has consistently exceeded our expectations over the years, particularly ...
- David Brown - President & CEO - Somera Capital Management, LLC
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