An investor group led by New Orleans businessman Bobby Guidry is in talks to purchase Le Pavillon Hotel, one of the city’s most storied properties. Guidry’s partner, Florida-based developer David Bansmer, confirmed that the pair are in advanced talks with current owner Ashford Hospitality Trust to finalize the acquisition.

The deal would mark the second major New Orleans hotel purchase for Guidry and Bansmer in less than two years. In May 2024, the partners paid $73 million for the dual-branded Marriott Courtyard/SpringHill Suites complex in the Warehouse District, a 410-room property spanning nearly an entire city block between Julia, S. Peters, and St. Joseph streets near the Ernest N. Morial Convention Center.

Bansmer said that while it would be "premature" to say they have a final

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