Charles Cornay of Stirling Properties confirmed to the INDsider today that River Ranch sold 2 acres on Settlers Trace Boulevard to an investment group that will develop a Springhill Suites by Marriott hotel. Construction on the hotel, which will be built between Camellia Boulevard and Martial Avenue, is expected to begin in a month and will take about a year to complete.
Bill Harris of Larry Blumberg & Associates, a hotel management group based in Dothan, Ala., declined to disclose the purchase price of the property but says the project, including land costs, is expected to be in the $10 million range. Harris says the hotel will have about 100 rooms.
Harris says the developers of the Lafayette Marriott also have a Marriott (Courtyard) under construction in Alexandria. “I was a champion of Lafayette to the investment group,” Harris says. “I have been looking at Lafayette for years and have been very impressed with the dynamic economy there,” he adds, specifically noting Lafayette’s vibrant retail, oil and gas and educational sectors. Harris also had high praise for our restaurant scene. “Lafayette’s just a great little economic center,” Harris says, “and just a nice place to live.”
1,595 rigs were exploring for oil and 332 for gas. A year ago there were 1,738 active rigs.
Prestigious honor annually recognizes a single attorney for excellence in public interest/pro bono work.
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UL grad named web developer at BBR Creative
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High-rise apartment building, parking garage, hotel and retail part of new development.
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Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
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From the publisher’s in-box: ABiz reaches out to Lake Charles, time to “Come Home, Louisiana,” and now accepting nominations for Entrepreneur of the Year.
In late September Cleco and UL Lafayette showed off the Cleco Alternative Energy Center, where researchers explore ways to generate power by using renewable resources.
The most recent promotions, hirings and announcements from Acadiana's biz community.
While Amendments 1 and 2 will shield some health care providers from the budgetary whims of Gov. Jindal, they could make higher ed even more vulnerable to cuts.
Age 60 looks good on the country’s second-largest oil and gas show.
Local pieces and logo-emblazoned corporate gifts
Let’s show how much we care what it looks like.