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Carter Benedict
T | 518.317.0569
[email protected]
Mike Schlictman
T | 803.920.4173
[email protected]
Andrew Makhlouf
T | 312.610.9067
[email protected]
Detailed Information
Location
Property Highlights
- Fee-simple interest in the third-party managed 180-room Holiday Inn Earth City, MO
- Available for individual purchase in the February 12th Ten-X auction event
- Offered unencumbered by debt or management
- Ability to secure a new long-term franchising agreement with IHG
- Opportunity for qualified buyers to retain the Holiday Inn flag or reposition the asset as a dual-brand Holiday Inn + Candlewood Suites
- Significant operational upside transferring from third-party management to regional hands-on ownership with stronger operating economies of scale
LOCATION SUMMARY
- Directly situated on the intersection of Interstate 70 and Route 141, providing easy access to downtown St. Louis and all regional demand
- Located in the submarket of St. Louis Lambert International Airport, which serves over 15 million passengers annually, has experienced a 14% YOY increase in passenger enplanements, and is currently undergoing a $650 million expansion
- Proximate to all core leisure demand, including Ryze Adventure Park, Hollywood Casino, Ameristar Casino, St. Charles Historic District, Centene Community Ice Center, and Hollywood Casino Amphitheatre accommodating up to 19,000 guests
- Conveniently situated near all area corporate demand, including Spectrum, Nidec Motor Corporation, World Wide Technology Global Headquarters, LIM Aerospace Inc., Save A Lot, United Parcel Service (UPS), and Boeing, the world’s largest aerospace company by revenue, generating $77.8 billion in 2023
- Near all major university demand, including University of Missouri-St. Louis, Lindenwood University, Maryville University, Webster University, and St. Louis Community College the largest higher educational institution in the region
- Ideally located within the St. Louis MSA, home to approximately 2.8 million people – the 21st largest MSA in the US