Waramaug LS Hotels Acquires Courtyard in Lafayette, LA
Thursday September 12th, 2013 - 9:25AM H
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LAFAYETTE, LA—Waramaug LS Hotels, LLC, a private investment group and its institutional capital partner have acquired the 90-room Courtyard by Marriott Lafayette Airport here.
The property, which is located near Lafayette Regional airport and the University of Louisiana's Lafayette campus, has recently undergone a $1.8 million investment. Waramaug has appointed Interstate Hotels & resorts to manage the hotel.
This acquisition follows the company's recent addition of the Courtyard by Marriott in Paducah, KY, and is part of the group's plan to deploy $150 million over the next 12 months toward acquisitions.
Tags: • Hospitality • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.