ERG, GMB, Berger Company, and Fulcrum Hospitality to acquire Hyatt Regency New Orleans.

New Orleans-based investment firms, ERG Enterprises, GMB Properties, The Berger, and Fulcrum Hospitality, are set to acquire Hyatt Regency New Orleans, a 1.2k-room luxury hotel in downtown New Orleans. Financial terms were not disclosed. "The opportunity to partner with Mrs. Benson and The Berger Co. is a privilege. It was important to all of us to bring this major New Orleans asset back into local ownership and control," Eric George, ERG CEO.