A partnership between a Natchitoches-based hotel management company and a New York investor has acquired the high-rise Marriott hotel off Interstate-10 near College Drive for $21.8 million, and plans to begin an extensive, year-long renovation of the 300-room hotel some time this fall.
In a sale that closed Thursday, Dimensions Development of Natchitoches and Allan V. Rose through their limited liability company, Baton Rouge Hotel Investors, LLC, acquired the iconic hotel from CCMS Lodging, a real estate trust that has owned it since 2013. Dimensions President and General Counsel Greg Friedman says his company, which was founded by his father Sam Friedman, was interested in the property for several reasons.
“It’s a great location, it’s got good bones and we love the Baton Rouge market,” Friedman says.
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