Listing Agents
Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com
Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third-party managed 108-room Residence Inn St. Louis O’Fallon, MO
- Available unencumbered by debt and management
- Ability to relicense with Marriott for a new long-term franchise agreement upon completion of the PIP
- Significant operational upside in transferring from third-party management to more hands-on ownership group with strong operating economies of scale
- Market leading performance with YTD July RevPAR up ~10% versus the same period last year
LOCATION SUMMARY
- Directly adjacent to and visible from Interstate 64 with over 70,000 vehicles passing the location daily
- Proximate to all area business demand including Mastercard Global Operations Center, Citi Service Center, True Manufacturing headquarters, Allianz Global Investors, and General Motors Wentzville Assembly plant
- Located near all local leisure demand including O’Fallon Family Sports Park, National Equestrian Center, and O’Day Park and Amphitheater
- Across the street from Progress West Hospital and near all area healthcare demand including SSM Health St. Joseph Hospital, and Barnes-Jewish St. Peters Hospital
- Easily accessible to downtown St. Louis and Lambert-St. Louis International Airport which saw a ~9% YOY increase in activity with approximately 14.9MM passengers in 2023
- St. Louis is a top-20 MSA and home to approximately 3MM residents and hosts upwards of 30MM tourists annually