Stonebridge breaks into New Orleans market with Walton Street Capital

Denver-based Stonebridge Companies has acquired the 280-­room Embassy Suites by Hilton New Orleans Convention Center hotel in partnership with an affiliate of Chicago-private equity firm Walton Street Capital.

The acquisition is the Stonebridge Companies’ entrance into the New Orleans market. Stonebridge plans to renovate the property.

The Embassy Suites by Hilton includes a fitness center, pool, restaurant, a business center, and more than 8,000 square feet of meeting and event space.