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Started By
Message
Nola Four Seasons on the ropes
Posted on 4/18/24 at 10:47 am
Posted on 4/18/24 at 10:47 am
Four seasons hotel and residences is running into financial trouble just 3 years after opening.
Sales of the high priced residences have been much less than expected with over 20 residences sitting unsold. Boysie Bollinger place is still sitting at 19mil.
Hotel occupancy has been okay but lags other properties.
If they cannot find restructured financing, it’s possible that they put the entire building up for sale.
Is anyone surprised?
Sales of the high priced residences have been much less than expected with over 20 residences sitting unsold. Boysie Bollinger place is still sitting at 19mil.
Hotel occupancy has been okay but lags other properties.
If they cannot find restructured financing, it’s possible that they put the entire building up for sale.
Is anyone surprised?
This post was edited on 4/18/24 at 11:00 am
39
Posted on 4/18/24 at 10:49 am to SlidellCajun
OT baws will frap to this news!!!
I do agree that the residency part of this property was too ambitious though.
I do agree that the residency part of this property was too ambitious though.
Posted on 4/18/24 at 10:51 am to SlidellCajun
quote:
If they cannot find restructured financing, it’s possible that they put the entire building up for sale.
In today's CRE market?
Posted on 4/18/24 at 10:55 am to SlidellCajun
quote:
If they cannot find restructured financing, it’s possible that they put the entire building up for sale.
This should be fun watch play out.
Banks are going to tell them to get fricked, pay your bills. Then the developers will launch a PR campaign talking about how the big bad banks are being the means and tell the locals how they're going to have to walk away and it'll be bad for them. They'll whine and cry, ask for the govt to step in and help. Probably give Teedy a fresh condo to bang ole boy in and then get some stimmy cash to save themselves before they turn it into section 8 in a few years.
Posted on 4/18/24 at 10:55 am to SlidellCajun
New Orleans is a dying whore filled with poor dumb fat people
Posted on 4/18/24 at 10:55 am to danilo
quote:
New Orleans is a dying whore filled with poor dumb fat people
So, a lot lizard?
Posted on 4/18/24 at 10:56 am to SlidellCajun
I hear the Destroya needs a new place for, uhhh, meetings.
Posted on 4/18/24 at 10:57 am to SlidellCajun
Man, if I had a bunch of extra cash I'd buy a residence at Four Seasons at a discount.
Posted on 4/18/24 at 11:01 am to notiger1997
quote:
frap
nice try idiot
Posted on 4/18/24 at 11:02 am to SlidellCajun
quote:
If they cannot find restructured financing, it’s possible that they put the entire building up for sale.
Who's going to buy it?
Posted on 4/18/24 at 11:03 am to SlidellCajun
I stayed there a few times when it first opened but the last few trips it was just too much more expensive than other nice hotels in the area. It’s not worth double the price of Windsor court
Posted on 4/18/24 at 11:04 am to SlidellCajun
I wish I was an OT baller. I think all my problems would be solved and I would enter a higher spiritual realm, if I had nicer stuff.
Posted on 4/18/24 at 11:05 am to SlidellCajun
Who was the general contractor on the Four Seasons? Was it Woodward?
Posted on 4/18/24 at 11:08 am to SlidellCajun
NOLA gunna NOLA
Posted on 4/18/24 at 11:09 am to SlidellCajun
quote:
Four seasons hotel
Went to a wedding reception there last summer.
They had nice gold colored dance floor and flowered ceiling.
Meanwhile there was bum laying in the Elevator to Vue Orleans where the wedding party was to exit.
This post was edited on 4/18/24 at 11:10 am
Posted on 4/18/24 at 11:09 am to SlidellCajun
Seemed like a bad idea for a City where you’re hardly in your room/hotel.
Posted on 4/18/24 at 11:10 am to sidewalkside
quote:
nice try idiot
That’s the baw spelling.
I still haven’t stepped foot in this place. I am downtown all the time with work, so I need to make a lunch happen just to go see it.
Posted on 4/18/24 at 11:11 am to SlidellCajun
quote:
Boysie Bollinger place is still sitting at 19mil.
Well you’d have to be a fricking idiot to be able to afford a 19 mil property and spend that money on a property in New Orleans.
Posted on 4/18/24 at 11:12 am to SlidellCajun
quote:Interest rates also shot up between the plan to build these and when they were actually for sale. A big interest rate swing for a 8-9 figure property is a significant amount of money, even for the uber rich.
Sales of the high priced residences have been much less than expected with over 20 residences sitting unsold. Boysie Bollinger place is still sitting at 19mil.
Posted on 4/18/24 at 11:16 am to yellowfin
Zion still living there?
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