The transaction was led by The Plasencia Group’s Robert Wiemer and John Plasencia
New Orleans, Louisiana (January 7, 2026) – The Plasencia Group, a national boutique hospitality real estate advisory firm, is pleased to announce it has facilitated the sale of Le Pavillon New Orleans, a Tribute Portfolio Hotel. The adjacent lot at the corner of Poydras and Carroll Streets was also included in the sale. The property was acquired by a group led by Robert J. Guidry, along with Guidry Land Partners and Orlando businessman David Bansmer. For The Plasencia Group, Senior Managing Director Robert Wiemer and Managing Director John Plasencia led the transaction.
“This acquisition continues to show our belief in the strength of the New Orleans hospitality market, as our hotel portfolio in the city is now nearing 1,000 rooms,” said Guidry. “New Orleans offers an unrivaled appeal to visitors across the demand spectrum, from convention-goers to business travelers to vacationers.”
The historic 226-key hotel, which has earned the nickname “The Belle of New Orleans,” originally opened in 1907 and affiliated with Marriott’s Tribute Portfolio in 2024 after completing a transformational renovation. Le Pavillon benefits from a strategic location on Poydras Street, New Orleans’ prime corporate corridor, and proximity to all the city’s abundant lodging demand generators. With a grandiose lobby, award-winning bar and restaurant, ornately furnished guestrooms, and unparalleled historic character, Le Pavillon has been a top lodging establishment in the city for generations.
New Orleans remains one of the most appealing hospitality markets in the country for both guests and investors. The city features a robust convention and event schedule in the coming years, on top of the distinctive leisure attractions that have made it a renowned tourist destination.
“Le Pavillon has been an iconic fixture of New Orleans’ world-famous hospitality landscape for more than a century, and it is fitting that it has returned to local ownership,” commented Wiemer.
“We appreciate the trust our institutional client placed in us to guide the sale of this New Orleans landmark, and we look forward to the property’s continued success under its new owner,” Plasencia added.
The transaction continues The Plasencia Group’s history of successful engagements in New Orleans. Since its founding in 1993, the firm has completed dozens of transactions in the market, including many of the city’s most renowned lodging properties.
