Akin Gump Advises NewcrestImage in Sale of New Orleans Boutique Hotel

(Los Angeles) – Akin Gump advised NewcrestImage, LLC in the sale, through an affiliate, of the AC Hotel New Orleans Bourbon/French Quarter Area from Cotton Exchange Investment Properties, LLC, an affiliate of Pacific Hospitality Group.

The AC Hotel New Orleans, which opened in November 2014 as Marriott’s first AC Hotel in the Americas, is located in the city’s historic Cotton Exchange building.

David Phelps, a partner in Akin Gump’s real estate practice, led the team advising NewcrestImage. He was joined by counsel Arsineh Baghdasarian and associate Alex Agahzadeh.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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