The Oil and Gas Building in the Central Business District, a steel and glass skyscraper that’s been largely vacant for more than a decade, will be renovated and converted to an upscale Canopy by Hilton hotel.
Hilton Worldwide announced Tuesday that eight new hotels, including Canopy New Orleans, will join its lineup of more than 20 Canopy hotels in various stages of development. The new brand, which was launched last year, is designed to have an urban neighborhood vibe.
“Canopy by Hilton is poised to make a major impact in 2016 and beyond with the addition of these outstanding locations,” Bill Fortier, a Hilton senior vice president, said in a statement. “We will continue to target key urban neighborhoods around the globe.”
Located at 1100 Tulane Ave., the 14-story Oil and Gas Building is on the National Register of Historic Places.
The 1959 building is an example of postwar modernist architecture. It was one of six steel and glass modular grid skyscrapers built in Louisiana during a 20-year stretch beginning in 1945, according to records filed with the federal Department of the Interior.
Postwar New Orleans was a boom time for the oil and gas industry, as major companies like Shell and Texaco built new high-rise office towers in the CBD. Some were built for specific tenants, while others, like the Oil and Gas Building, were built speculatively.
The building has been vacant since about 2003, except for a nightclub that operated out of a portion of its first floor.
The building has changed hands several times in recent years. After acquiring it for $2.3 million in 2013, 1100 Tulane LLC sold the building last year to NOLA Lodging LLC for $7 million. NOLA Lodging has ties to the privately held Baywood Hotels management company.
Follow Richard Thompson on Twitter, @rthompsonMSY.