Hilton Capitol Center
The downtown Heidelberg and Capitol House Hotels had been closed for more than two decades and redevelopment seemed impossible. The abandoned buildings were an eye-sore to the area and it seemed inevitable that the buildings would be torn down. $70 million later, the new Hilton Capitol Center brought four diamond elegance and service back to historic downtown Baton Rouge. Today the hotel welcomes over 150,000 guests annually and was the catalyst to the rebirth and economic engine of downtown Baton Rouge. Commercial Properties assembled $70 million in equity and bank financing, historic and other tax credits to renovate the hotel, allowing a stimulus in the progress of downtown Baton Rouge. The hotel has sold in 2012 to Rockbridge Capital as part of their extensive hotel portfolio.