# TriGate Capital Partnership Purchases Hotel in New Orleans, LA — TriGate Capital By TriGate Capital. Published 2018-05-30. > DALLAS, TEXAS – TriGate Capital, with partner Stout Street Hospitality, has acquired a 97-room boutique hotel in New Orleans. The soon to be reflagged… [![TriGate Capital](https://www.trigatecapital.com/site-assets/logo-white.svg)](https://www.trigatecapital.com/atlas.html)Firm [Overview](https://www.trigatecapital.com/atlas-about.html)[Our people](https://www.trigatecapital.com/atlas-team.html)[Careers](https://www.trigatecapital.com/atlas-careers.html) Approach [Investment philosophy](https://www.trigatecapital.com/atlas-strategy.html)[Investment platforms](https://www.trigatecapital.com/atlas-vehicles.html)[Retail](https://www.trigatecapital.com/atlas-retail.html)[Residential](https://www.trigatecapital.com/atlas-residential.html)[Industrial](https://www.trigatecapital.com/atlas-industrial.html) [Investments](https://www.trigatecapital.com/atlas-portfolio.html)[News](https://www.trigatecapital.com/atlas-news.html)[Contact](https://www.trigatecapital.com/atlas-contact.html)[Existing partners](https://www.trigatecapital.com/atlas-investors.html)[in](https://www.linkedin.com/company/trigate-capital-llc/) [Home](https://www.trigatecapital.com/atlas.html)/TriGate Capital Partnership Purchases Hotel in New Orleans, LA Firm news # TriGate Capital Partnership Purchases Hotel in New Orleans, LA May 30 2018 DALLAS, TEXAS – TriGate Capital, with partner Stout Street Hospitality, has acquired a 97-room boutique hotel in New Orleans. The soon to be reflagged “Magnolia” is located within New Orleans’ CBD and is walkable to city’s major tourist destinations. TriGate will reflag the hotel as a Magnolia, a franchise owned by Stout Street, upon completion of a comprehensive renovation. In the interim, the hotel will operate as the Royal Crescent Hotel. TriGate’s Matt Rooney commented, “The hotel is well positioned in one of the strongest hospitality markets in the US. It will continue to gain market share after the renovation is complete. The outlook for increased demand in New Orleans looks positive with increased tourism activity and billion-dollar expansions of both the airport and the convention center.” TriGate would like to thank HFF’s John Bourret who brokered the hotel on behalf of the seller. About TriGate Capital TriGate Capital, LLC (TriGate) is a leading real estate investment manager focused on the recapitalization and repositioning of real estate assets and companies. TriGate is based in Dallas, TX and has completed investments throughout the United States. TriGate manages three fully discretionary real estate funds, TriGate Property Partners, LP (Fund I), TriGate Property Partners II, LP (Fund II) and TriGate Property Partners III, L.P. (Fund III), which are the vehicles through which TriGate conducts its investment strategy. Fund I and Fund II are fully invested and Fund III is presently in its investment period. TriGate purchased the Property through its current investment vehicle – TriGate Property Partners III, LLC – which closed fundraising in 2016 with $340 million of equity commitments. TriGate’s team has been responsible for acquiring over $11 billion of real estate assets through multiple types of transaction structures. The Company’s professionals have significant expertise in real estate operations, debt restructuring, and asset and company recapitalization. Additionally, the team has extensive expertise in real estate asset selection and structuring transactions to weather different stages in the real estate investment cycle. [All news](https://www.trigatecapital.com/atlas-news.html)[Media & general inquiries](https://www.trigatecapital.com/atlas-contact.html) ![TriGate Capital](https://www.trigatecapital.com/site-assets/logo-white.svg) ## Explore [Our firm](https://www.trigatecapital.com/atlas-about.html)[Our approach](https://www.trigatecapital.com/atlas-strategy.html)[Investments](https://www.trigatecapital.com/atlas-portfolio.html)[Our people](https://www.trigatecapital.com/atlas-team.html) ## Connect [Contact the team](https://www.trigatecapital.com/atlas-contact.html)[Careers](https://www.trigatecapital.com/atlas-careers.html)[Existing partners](https://www.trigatecapital.com/atlas-investors.html)[LinkedIn](https://www.linkedin.com/company/trigate-capital-llc/) ## Dallas 1717 Main Street, Suite 2600 Dallas, Texas 75201 [214 220 2274](tel:+12142202274)[info@trigatecapital.com](mailto:info@trigatecapital.com) © 2026 TriGate Capital. All rights reserved. [Privacy Policy](https://www.trigatecapital.com/atlas-privacy-policy.html)[Terms of Use](https://www.trigatecapital.com/atlas-terms-of-use.html)[Sitemap](https://www.trigatecapital.com/atlas-sitemap.html)[Back to top](https://www.trigatecapital.com/atlas-news-trigate-capital-partnership-purchases-hotel-in-new-orleans-la.html#page-start) ## Find your perspective. Search the firm, people and investments Start typing to explore this website. ## Your privacy This website counts visits with GXB's own analytics. It keeps random visit IDs, the time of your last visit, how you arrived and your display choice in this browser. It sets no cookies, stores no names, and uses no advertising or third-party tracking. Search operates on this device. Forms prepare an email for you to review; they do not send information automatically. External investor portals and links have their own privacy policies. No optional tracking is enabled here. ## Images & property sources The property tour on the Investments page follows one continuous geographic imagery pyramid from Earth to aerial views of each property area. The photographs in the cards show the actual investments. Green outlines follow visible site and building edges in the aerial imagery. Crossroads highlights both of its buildings; the property photograph shows Building 100. Aerial dates: Florida, 2023; Nolen Farm and Dallas, 2022. The Nolen Farm card uses a newer community photograph. Investment locations are based on TriGate’s closed-deal records across the United States. Property-tour dots match their aerial views. - Homepage video: aerial footage of TriGate investments, provided by TriGate Capital. - [Shops at Wiregrass — property information](https://www.trigatecapital.com/atlas-investment-shops-at-wiregrass.html) Property photography: TriGate Capital. - [Crossroads Distribution Center — property information](https://www.trigatecapital.com/atlas-investment-crossroads-jacksonville.html) Property photography: TriGate Capital. - [Nolen Farm — property information](https://suncrestreal.com/communities/nolen-farm/) Community photography: Suncrest Real Estate & Land. - [Uptown at Cole Park — property information](https://www.trigatecapital.com/atlas-investment-uptown-cole-park.html) Property photography: Uptown at Cole Park official gallery. - Regional imagery: [USGS / The National Map Imagery Only](https://basemap.nationalmap.gov/arcgis/rest/services/USGSImageryOnly/MapServer) (NASA Blue Marble: Next Generation, Landsat and, around Dallas, earlier USDA NAIP), a static composite. Every imagery level is color-matched to the level above it so the zoom stays continuous; regional views are blended toward the Earth map’s colors. - Aerial imagery: [USGS / The National Map and USDA NAIP](https://imagery.nationalmap.gov/arcgis/rest/services/USGSNAIPImagery/ImageServer). - Earth and cloud maps: [Solar System Scope](https://www.solarsystemscope.com/textures/), based on NASA imagery. [CC BY 4.0](https://creativecommons.org/licenses/by/4.0/). Rendered on a 3D globe with animated lighting and clouds.