Hotels for Sale

Drury Inn & Suites St. Louis Convention Center

Address:
St. Louis, Missouri
Description:
  • Leasehold interest in the 176-room Drury Inn & Suites St. Louis Convention Center
  • Hotel, guest amenities, restaurant space, and structured parking are all housed within the historic Union Market building that was originally built in 1925
  • Offered unencumbered of the Drury brand and management with several attractive re-branding options available
  • Potential conversion flags are available within the Hilton, Marriott, Hyatt, IHG, Radisson, Choice, Wyndham, and Best Western brand families
  • Optionality for limited or select service segmentation with ~5,800 SF of former restaurant space on-site
  • Building includes 461 covered parking stalls with a potential to produce additional income for new ownership
  • The hotel is subject to a long-term ground lease agreement with the City of St. Louis. Attractive lease terms include annual payments that do not increase again until 2038
  • Located at the I-70 & N Broadway exit, a location passed by upwards of 150,000 vehicles daily
  • Ideally positioned adjacent to the St. Louis Convention Center and The Dome at the America’s Center Convention Complex
  • Within walking distance of the iconic Gateway Arch, the St. Louis Cardinals Busch Stadium, and the Ballpark Village dining and entertainment district
  • Readily accessible to all core regional demand including Saint Louis University, St. Louis Zoo, Forest Park, and Lambert International Airport among others
  • Now is an ideal time to be investing in the St. Louis downtown core with recent nearby developments including the new $1.7B National Geospatial Intelligence Agency campus, $461MM St. Louis City SC MLS soccer stadium district, $187MM renovation of Union Station, and $175MM America’s Center Convention Complex expansion (adjacent to the hotel)

Listing Agents

Beau Mullenix
T | 314.568.7098
Email

Lora Simpson
T | 515.729.4516
Email

Adam Montufar
T | 515.446.4181
Email

Categories List:   

Send message to listing owner