Hampton Inn St. Louis/Fairview Heights, IL

UNDER CONTRACT

• Fee simple interest in the institutionally owned and third-party managed 61-room Hampton Inn St. Louis/Fairview Heights, IL
• Available for individual sale as part of a larger 9-property institutional portfolio sale in the August 15th auction event via Ten-X
• Offered unencumbered by management and brand with a variety of conversion options available, including Spark by Hilton, among others
• Significant operational improvements are expected after the PIP is completed and the transition to a regional owner/operator model
• The property is ideally located adjacent to Interstate 64, with a high traffic volume of upwards of 95,000 VPD, making it easily accessible
• Fairview Heights is known as the Retail Hub of Southern Illinois, housing St. Clair Square Mall, 100 restaurants, and 7 additional shopping centers
• With over three million square feet of retail space, Fairview Heights is known as the Retail Hub of Southern Illinois. It houses St. Clair Square Mall, 100 restaurants, and seven additional shopping centers
• Fairview Heights is linked to the greater St. Louis region via the Red and Blue MetroLink lines, providing direct access to popular leisure destinations like the Gateway Arch, Busch Stadium, Union Station, Central West End, Forest Park, and Lambert International Airport
• The subject is easily accessible to all other regional demands, including BJC HealthCare/Barnes-Jewish Hospital, St. Louis Children’s Hospital, Washington University/School of Medicine, the Cortex Innovation Community, and the St. Louis Convention Center
• The St. Louis region is an ideal place for investment due to significant projects such as a $3.0 billion reconfiguration of Lambert International Airport, Boeing’s $1.8 billion Project Voyager expansion, a $1.2 billion development at Gateway South/Chouteau’s Landing, and a $250 million expansion of the St. Louis Convention Center
• 2025 is expected to be the best year for convention demand in St. Louis in decades, with projections already indicating a 21% increase from 2019, totaling upwards of 313,000 contracted rooms