Newstream acquired the 143-key Royal St. Charles Hotel and converted the hotel to a Hotel Indigo by IHG. The hotel is exceptionally positioned one block from the French Quarter in the heart of New Orleans. The Hotel Indigo is proximate to the city’s most popular attractions. Located at the corner of St. Charles Avenue and Common Street, the Hotel is on the primary Mardi Gras parade route and features highly desirable balconies that provide unobstructed views of the festivities. In addition to the French Quarter, the Property is just one block from Bourbon Street and within easy walking distance of several other key area attractions including Harrah’s Casino, the Audubon Aquarium of the Americas, the Shops at Canal Place, the Mercedes Benz Superdome, Smoothie King Center, National World War II Museum, and the New Orleans Memorial Convention Center.