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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F572f1659-f4b6-4549-9dbc-76be76d3db7d%2F1de04860-98fd-4a92-b996-a5a28ac28539" onerror="this.style.display='none'" alt="Clarion Hotel New Orleans - Airport &amp; Conference Center Image" style="object-fit: cover; width: 200px;" />
 Hotel &amp; Hospitality 
 
 Clarion Hotel New Orleans - Airport &amp; Conference Center
 
 Kenner, LA 
 By HREC

 <a href="/user/bf4f1164-a967-46c6-9e28-a22baf9a1d42" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Len Wormser</a>
 
 Senior Vice President
 
 
 <a href="tel:(850) 830-4595" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(850) 830-4595</a>
 

 <a href="https://platform.reverecre.com/project/572f1659-f4b6-4549-9dbc-76be76d3db7d" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

HREC® - Hospitality Real Estate Counselors® is the nation's premier real estate advisory and brokerage organization specializing exclusively in the lodging and gaming industries.  Founded in 1994 by Michael Cahill, HREC® is actively involved in providing investment banking and consulting services throughout North America.

Broker / FL License #: BK3053127

New $1.3 Billion Airport Terminal Entrance in Front  of Hotel: New Orleans International Airport's new terminal has won numerous awards          since its opening in 2019.

Improved Locational Dynamics - Terminal Entrance Competitive Advantage: The          hotels that are located on the north side of the airport area have a significant advantage due to the location of the new terminal.

High Value-Add Opportunity: A new Owner has the opportunity to reposition          the property through a transformative renovation, along with a conversion to a highly productive brand.

"Low Basis" Opportunity: The Hotel is being offered at a significant discount to replacement cost.

Sales Team

HREC   Investment Advisors (Len Wormser and Paul Sexton) and The Plasencia Group   (Robert Wiemer) are pleased to offer to qualified investors the opportunity   to acquire the 292-guestroom Clarion Hotel New Orleans – Airport &   Conference Center (formerly the Crowne Plaza New Orleans Airport Hotel and   hereinafter referred to as the “Hotel” or “Property”) in Kenner, LA.

HREC Investment Advisors – Senior Vice President - Opened New Orleans Office 2017 – Geographic focus Louisiana, Eastern Texas, Mississippi, the Gulf Coast of Alabama and Florida Panhandle.

Senior Managing Director NAI/Latter& Blum Hospitality Division – New Orleans, LA. 2010-2017.  Started Hospitality Division in 2010 and sold over 3,000 rooms in 6.5 years – Served as Investment Advisor in approx.  70% of all substantive hospitality transactions in New Orleans since 2010/11.

The Development Group (FW Development LLC, DEVGROUP Inc., and I-10 Development LLC) Founder/Principal/President – 1997-2010- a collection of single purpose entities that focused on Lodging development in New Orleans, La. Select transactions include the 331 room Marriott Convention Center, 182 Room Staybridge Suites, 141 room Marriot Courtyard, 92 room Whitney Hotel, 184 room Sheraton Galleria, and the 219 room Bourbon Orleans.

Sizeler Properties (NASDQ) – President, Taxable REIT Subsidiary- 2008-2010- developed $100 million in off balance sheet Shopping Centers, Apartments, and “for sale” residential in the Miami / Orlando metropolitan areas and Louisiana.

Stewart Capital/Enterprises (NASDQ) – Vice President of Acquisitions – 1988-1998- One of the largest merchant banking companies in the Gulf South Region with assets in excess of $500 million. Directed the company’s real estate efforts. Notable Lodging transactions include the 284 room Hampton Inn and Suites Convention Center New Orleans, 100 room Hampton Inn Garden District, and 120 room Marriott Courtyard Covington, La.

Living Center Enterprises – Director of Operations/Principal - 1983-1988- New Orleans La. based partnership which developed and owned retirement centers and nursing homes throughout Louisiana. 1000 beds – 6 nursing homes and a Continuous Care Retirement Community (CCRC) - sold all properties to ARA in 1988.

University of Texas, McCombs School of Business Graduate - Austin, Texas

Senior Vice President

Overview

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Sales Team

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