Hospitality management, development and investment organization Raines has added Hotel Theo New Orleans, a Tapestry Collection by Hilton property, to its management portfolio. Formerly known as Hotel Magnolia, the property is now part of Woven by Raines, the lifestyle division of Raines. The hotel is owned by TCOR Hotel Partners and TriGate Capital.
Located between the French Quarter and the Warehouse District, the hotel was originally built in the late 1800s and has been home to businesses such as an apothecary and bottling operations for Barq’s soft drinks.
Today, the 101-key property offers amenities such as luxury linens, customized bulk bathroom amenities, premium high-speed internet, on-site fitness center and 600 sq. ft. of meeting space. The onsite restaurant, The Lyons Corner, is named for I.L. Lyons & Co., the first business to be associated with the hotel’s address.
“Adding Hotel Theo strengthens our presence in New Orleans and further accelerates our growth in the Southeast,” said Kerry Ranson, president of operations/partner, Raines. “This project in particular was an ideal fit for our skillset. Our existing presence in New Orleans, our history of successful Hilton transitions and our focus on the lifestyle sector all coalesced as we worked with TCOR and Trigate on this conversion. Our team can’t wait to begin offering tailor-made experiences to guests at Hotel Theo.”
