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The Bronfman Sisters would never marry their money to this loser. But for …
BEVERLY HILLS, Calif. - June 5, 2008 - The Waldorf=Astoria Collection, a luxury member of the Hilton Hotels Family, announced plans today for the redevelopment of the former Fairmont New Orleans as “The Roosevelt” in conjunction with the Hotel owner, First Class Hotels LLC. The landmark New Orleans property, which has been closed since Hurricane Katrina, was opened in 1893 as the Grunewald with an addition being completed in 1927. In 1923 the hotel was renamed The Roosevelt in honor of President Theodore Roosevelt. It remained The Roosevelt until being purchased by the Fairmont group in 1965. The project’s cost is expected to exceed $100 million. Completion and opening is scheduled for late spring of 2009.