Joe Jaeger buys historic Chateau Hotel, but isn’t done selling others amid slow tourism rebound | Business News
Joe Jaeger, owner of the largest hotel group in New Orleans, has purchased the historic Chateau Hotel in the French Quarter, though he says he is planning to shed other properties in response to the lingering devastation the pandemic has wrought on the city’s hospitality sector.
The Chateau, a converted 18th-century mansion on the corner of St. Philip and Chartres streets, already was managed by Jaeger as part of the J Collection of hotels he has built over several decades.
He bought it this month from a company controlled by longtime collaborator Darryl Berger for $11.7 million, according to Orleans