Listing Agents
Rob Willard
T | 314.306.2119
rwillard@paramountlodging.com
Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple condominium interest in the lender-owned OYO Hotel Downtown City Center St. Louis offered through a REO sale
- The 288-key hotel will be sold during the March 22nd Ten-X auction event at a fraction of replacement cost
- Available unencumbered of management and brand with ability to reposition the hotel to one of several attractive up-branding options or pursue alternative use strategies
- Potential conversion options exist within the Hilton, Marriott, Hyatt, IHG, Choice, Wyndham, and Sonesta brand families among others
- Compelling value-add opportunity housed within a prominent 13-story building that offers several full-service amenities including F&B/retail outlets and interior parking
- Ideally situated within the burgeoning Downtown West neighborhood of St. Louis, home to the new $461MM MLS CITYPARK soccer stadium, $141MM historic Jefferson Arms building redevelopment, and $140MM historic Butler Brothers building redevelopment
- Walking distance from top demand generators including the Stifel Theatre, Enterprise Center, CITYPARK, Busch Stadium, Ballpark Village, Union Station, and the Gateway Arch
- Unparalleled access to the entire St. Louis region and within minutes of the new $1.7B NGA campus, Cortex Innovation Community, upscale Central West End neighborhood, Forest Park, BJC Health (largest employer), and America’s Convention Center Complex, which is currently undergoing a $210MM expansion
- Ideal time to buy in St. Louis alongside several billion dollars of proposed investment including a $3B expansion of St. Louis Lambert International Airport and a $1.2B redevelopment of 140 acres of downtown riverfront encompassing Laclede’s Landing