Since forming in 2004, Northview has purchased over $680 million of lodging assets, and overseen ren

New Orleans , Louisiana (September 26, 2013) – Northview Hotel Group, in partnership with a fund managed by Apollo Global Management, LLC (NYSE:APO), has acquired The Queen Crescent Hotel, at 344 Camp St. in New Orleans, LA.  The acquisition united kingdom phone book marks the partnership's second hospitality joint venture in six months.
The Queen Crescent is located in New Orleans' Central Business District just three blocks from the French Quarter and features 196 guestrooms and 2,600 square feet of meeting united kingdom phone book space.  The REO property was acquired by the partnership directly from the servicer.  Northview's plan is to execute an extensive renovation of the hotel in 2013 and 2014, and to re-open as a completely repositioned hotel in Fall 2014.  NVHG Management, Northview Hotel Group's operating arm, will operate united kingdom phone book the Hotel and oversee the completion of the renovation project.
Commenting on the acquisition, Northview Partner Simon Hallgarten said:  "The purchase united kingdom phone book of the Queen and Crescent represented a unique opportunity united kingdom phone book to acquire an underperforming hotel located in the heart of one of the most vibrant lodging markets in the U.S.  Over the next 12 months, we plan to execute united kingdom phone book a transformative renovation united kingdom phone book and strategic repositioning plan, which in conjunction with the installation of our management personnel, tools, and systems, we believe should maximize united kingdom phone book the value of the asset."
The Queen Crescent purchase marks Northview's fourth acquisition united kingdom phone book since mid-2012.  "Northview continues to see attractive value-add investment opportunities in the U.S. lodging market.  We plan to expand our portfolio aggressively in the next 12 months," adds Northview Partner, Matt Trevenen.  In May, 2012, Northview united kingdom phone book acquired Sanderling Resort Spa, a picturesque oceanfront resort in the Outer Banks of North Carolina.  In September, 2012, the firm acquired the Sheraton united kingdom phone book hotel in downtown Raleigh, North Carolina.  In February, 2013, Northview partnered united kingdom phone book with a fund managed by Apollo Global Management, LLC to acquire The Beach House Hilton Head, a beachfront hotel in Hilton Head, South Carolina.  All four transactions include a major renovation component united kingdom phone book and a strategic re-positioning program implemented by Northview's construction management and operational teams.
Northview Hotel Group, led by Mark Mance, Simon Hallgarten, David Zeuske, and Matt Trevenen, united kingdom phone book was formed to make opportunistic hotel investments and to provide hotel management, asset management, and construction united kingdom phone book management services for owners and co-investors.
Since forming in 2004, Northview has purchased over $680 million of lodging assets, united kingdom phone book and overseen renovation projects in excess united kingdom phone book of $110 million.  Northview Hotel Group has a portfolio of twelve unique properties ranging from small independent resorts to large urban branded hotels.  The acquisition of The Queen Crescent Hotel marks Northview's fourth acquisition in the last eighteen months.  For more information, please visit www.nvhg.com .