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### Businessmen Purchase Marriott Hotels in New Orleans

Broussard businessman Bobby Guidry and Florida-based developer David Bansmer recently acquired the dual-branded Marriott Courtyard/Springhill Suites hotels on Convention Center Boulevard for a total of $73 million. This purchase marks the first major hotel sale in the New Orleans area in over a year and signifies the confidence that investors have in the city’s hospitality industry as it rebounds from the effects of COVID-19 shutdowns.

### AI legalese decoder‘s Role in the Situation

AI legalese decoder can assist in reviewing and deciphering the legal jargon associated with real estate transactions, making it easier for buyers like Bobby Guidry and David Bansmer to understand the terms and conditions of the deal. By using this tool, they can ensure that they are fully informed about their purchase and any associated legal implications.

### Hotel Sale Signals Positive Trends

With a total of 410 rooms, these hotels are situated across from the Ernest N. Morial Convention Center, a prime location for attracting visitors to the city. The average occupancy rate in downtown hotels is around 65%, showing promising progress in the hospitality sector. Len Wormser, who facilitated the deal through his firm HREC, believes that upcoming events such as Taylor Swift’s concert, the Super Bowl, and major conventions will provide significant growth opportunities for the hotels.

### Bobby Guidry’s Diverse Business Ventures

Known for his role in expanding his family’s fishing business into Harvey Gulf International Marine, Bobby Guidry has also made his mark in commercial real estate development over the past two decades. By collaborating with David Bansmer, they have successfully developed several hotel properties, such as the 19-story Marriott Residence Inn in the Central Business District and a dual-branded Town Place/Springhill Suites hotel near Disney World.

### Strengths of the New Orleans Deal

David Bansmer considers the acquisition of the Marriott hotels in New Orleans to be a strategic move due to their prime location, the city’s robust tourism industry, and the reputable Marriott brand. He emphasizes the potential for further investment in the convention center area and the value they obtained with this purchase. Although Bobby Guidry was unavailable for comment, he expressed his optimism for the city’s future in a prepared statement, highlighting the unique offerings that New Orleans provides to visitors.

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