Inland Shells Out $74.5M For Loews New Orleans Hotel
Per the deal, which values the hotel's 285 rooms at about $261,000 a pop, Loews will stay on as manager of the property, Inland American Lodging Group Inc. said. It will be financed by a mix of cash and debt, Dan Lombardo, a spokesman for Inland, told Law360.
For IALA, the buy...
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