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Miami-based global investor Gencom has acquired a combined 758 keys in The Ritz-Carlton, New Orleans and the connected Courtyard by Marriott New Orleans French Quarter/Iberville. The priced paid and name of the reported Dallas-based seller was not announced but industry experts suggested that the hotels could have sold for more than $200 million.

The 528-room Ritz-Carlton New Orleans is situated on Canal Street and features over 48,000 square feet of premier event space. The adjacent 230-key Courtyard by Marriott French Quarter/Iberville is located within walking distance of Bourbon Street, the Caesars Superdome, and the New Orleans Ernest N. Morial Convention Center.