The deal brings Waterford's portfolio to 11 management deals in New Orleans, including six other J Collection assets.
WATERFORD, Connecticut – Waterford Hotel Group has assumed
management of five additional hotels in New Orleans, Louisiana, from The J
Collection of Hotels. Waterford took management of five J Collection hotels previously
run by Aimbridge Hospitality on July 1, 2025, and one other on October 1.
The five hotels joining the Waterford portfolio are Hotel Le
Marais, Hotel Mazarin, The Jung Hotel & Residences, The Rubenstein Hotel,
and the French Quarter Courtyard Hotel. With these five hotels, Waterford now
oversees 11 of the collection’s properties across the New Orleans market.
The J Collection of Hotels in New Orleans was the portfolio
of the late developer Joe Jaeger, who grouped his properties under this
brand before his passing in 2024. Jaeger’s real estate development company, MCC
Real Estate Group, was behind these holdings. The properties now sit in a
Jaeger trust.
The news comes a week after Waterford announced a strategic
partnership with Chicago-based Maverick Hotels & Restaurants that creates a
57-hotel portfolio and represents a cultural fit between two like-minded
businesses.
“We are pleased to expand our work with The J Collection and
continue our growth within the New Orleans market,” said Michael Heaton, president
of Waterford Hotel Group. “These additional hotels each play an important role
in welcoming visitors to the city, and as New Orleans prepares for a busy
season with Mardi Gras, French Quarter Festival, the New Orleans Jazz &
Heritage Festival, and much more, we look forward to supporting their
operations and enhancing the guest experience.”
“Welcoming these properties to our portfolio is a meaningful
milestone in what has been an unprecedented year of growth for Waterford Hotel
Group,” said Duane Schroder, Chief Growth Officer of Waterford Hotel Group. “Our
team has worked tirelessly to position the company for continued success, and
we look forward to building on this momentum as we head into the new year.”