225 Baronne Street New Orleans, LA 70112

This hospitality property is located in a premier U.S. leisure destination with globally recognized cultural, culinary, and entertainment appeal, attracting upwards of 19+ million annual visitors in recent years. The area has experienced several years of positive year-over-year visitation growth, with recent full-year visitation increasing approximately 6%+ versus prior-year levels. Strong convention and group demand is anchored by the Ernest N. Morial Convention Center, one of the largest convention facilities in the country. Annual marquee events including Mardi Gras and the New Orleans Jazz & Heritage Festival, and other large-scale cultural and sporting events drive meaningful short-term compression and contribute to outsized RevPAR growth relative to typical demand periods. Positive year-over-year airport passenger growth at Louis Armstrong New Orleans International Airport reflects expanded air service and strengthening inbound demand. High barriers to entry for new hotel supply are driven by historic preservation constraints, zoning limitations, and elevated construction costs. Ongoing public and private investment in downtown infrastructure, hospitality, and entertainment venues supports long-term visitation growth and market resilience.