 It became the Fairmont Hotel until closing following Hurricane Katrina.In August 2007, Dimension Development Company, Inc, a Natchitoches, Louisiana-based hotel development and management company purchased the property, and is currently restoring the building with a scheduled opening date of June 25, 2009.Dimension Development Company Inc, entered into an agreement with Hilton Worldwide to brand the hotel under Hilton's premier Waldorf Astoria collection.