Detailed Information
Location
Property Highlights
- Fee simple interest in the 190-key Hampton Inn Downtown St. Louis, MO
- The asset is being offered for sale at a substantial discount to replacement cost and unencumbered by debt and management
- The property is institutionally owned and third-party managed, affording regional investors with local operating economies of scale and substantial upside
- The core-branded asset is available for a new 15-year relicense with Hilton for qualifying franchisees
- Strong historic in-place top-line performance with trailing 24-month average RevPAR of +$93
- Strong in-place yield ensures the asset is easily financeable in current capital markets
- Well located with the potential to attract a new retail or restaurant tenant for ground floor space at the property
LOCATION SUMMARY
- Ideal downtown St Louis location, walkable to all core demand including The Gateway Arch, America’s Center Convention Complex, Busch Stadium, and the Ballpark Village Entertainment District
- Readily accessible to all additional downtown and central west end demand, including City Park, Barnes Jewish Hospital, St Louis Children’s Hospital, Washing University, and Forest Park
- Opportune time for investment in downtown St. Louis, with nearly $3.8 billion in downtown St. Louis investment, including the $1.2 billion Gateway South/Chouteau’s Landing Development.
- Lambert International Airport witnessed an almost 9.0% year-over-year increase in activity, serving approximately 14.9 million passengers in 2023
- Planning is well underway for the proposed $3 billion terminal redevelopment and modernization at Lambert International Airport
- Top events in 2025 at America’s Center are expected to generate over 313,000 room nights, a ~21% increase from 2019 following a $260 million renovation of the convention center