The Ambassador Hotel in the Warehouse District, once part of New Orleans tourism mogul Warren Reuther’s portfolio, was recently purchased by a partnership between a New York-based hotel investment firm and an Oregon-based hotel management company.
The new owners, GB Lodging LLC and Provenance Hotels, say they intend to begin a major renovation of the property within a year. GB Lodging owns three hotels in New York and one in Palm Springs. The 165-room hotel was built from three warehouses that once stored tobacco and coffee. It has been marketed as a boutique hotel with Warehouse District flavor, including hardwood floors and exposed brick and rafters. The new owners are looking to keep the historic aspects of the building. He said the hotel has a great location, being close to the French Quarter, the arts district, the convention center and the Central Business District and across from a casino. The developers haven’t decided whether to rename the hotel and the details of the renovation haven’t been settled.