Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Florida & Gulf Coast  + Gulf Coast  + Hospitality  | 
The Whitney Hotel in New Orleans, LA

Angevin & Co. Buys The Whitney Hotel in New Orleans for $17M

Angevin & Co., in partnership with GBX Group, has acquired The Whitney Hotel for $16.9 million from New Orleanian hotelier Joe Jaeger. Tyler Robinson at Urban Properties represented Angevin & Co., (owned by hotelier, restaurateur and entrepreneur Robert Thompson) on the transaction.

Angevin & Co., now owns properties at either end of The French Quarter: The Whitney Hotel in the New Orleans CBD and The Frenchmen Hotel on Frenchmen Street.

The Whitney Hotel building was originally constructed as a bank and is now registered as a National Historic Landmark. The partners plan to make top-to-bottom renovations while preserving the historic integrity of the building.

“The current climate favors building new,” said Drew Sparacia, CEO of GBX. “But that’s not always the best choice, particularly when developing in urban neighborhoods. We are proud to play a critical role in the preservation of The Whitney Hotel as we expand our involvement with protecting historic structures throughout New Orleans.”


Inside The Story

GBX Group’s Sparacia

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition