Fairmont Hotels & Resorts and Louisiana-based developer Kailas Companies have announced the official start of the downtown redevelopment project of 1010 Common Street, which will mark the return of the Fairmont brand to New Orleans.

Expected to open in summer 2025, Fairmont New Orleans will occupy 18 floors within the former Bank of New Orleans Building, a 31-storey skyscraper and the city’s 10th tallest building. Completed in 1971 and originally designed by architects Skidmore Owings & Merrill, known for the Willis Tower in Chicago and One World Trade Center in New York City, the building is an example of International Style architecture and is listed on the U.S. National Register of Historic Places.

“The redevelopment of 1010 Common Street marks one of the largest private investments in New Orleans in recent years. Located one block from the French Quarter, the Fairmont will stand directly between Bourbon Street and the New Orleans Superdome,” said C. Mohan Kailas, Kailas Companies LLC. “The preservation of this historic building will both honor its past as a historic landmark and preserve its future as a world-class property. The design team, lead by globally renowned Rockwell Group, will produce an unforgettable experience that we hope will resonate with both locals and visitors from around the world.”

Fairmont New Orleans will offer 250 luxury guestrooms, including 40 suites ranging from one-bedrooms to specialty suites. There will be three food and drink venues throughout the property, including an all-day-dining restaurant, a lobby lounge, and a rooftop bar and speakeasy overlooking a swimming pool with views of the city.

The hotel will also offer more than 20,000 square feet of function space divided between ballrooms, meeting rooms, and a library and business center. In addition, Fairmont New Orleans will feature a 10,000-square-foot spa.

“Fairmont New Orleans will be an impressive new addition to Fairmont’s luxury portfolio in a key North American market,” said Omer Acar, CEO, Fairmont Hotels & Resorts. “The city emanates an undeniable energy, with incredible heritage and culture at its core, which is a perfect fit for the iconic Fairmont brand. The unique character and vibrancy of New Orleans will be front and center in the varied venues and guest experiences we are imagining for this magnificent hotel.”