Hampton Inn Downtown St Louis
Hospitality
Marketing description
Avison Young presents a compelling opportunity to acquire the Hampton Inn Downtown at The Gateway Arch, a Hilton branded hotel located within the St. Louis, Missouri’s primary convention, sports, and tourism corridor. Unlike suburban or highway oriented select service assets, the Property benefits from an urban, walkable location proximate to America’s Center Convention Complex, Busch Stadium, the Gateway Arch, and major downtown employers including America’s Center Convention Complex/The Dome, Busch Stadium and the Gateway Arch.
The completion of a change of ownership PIP will create a basis reset acquisition opportunity in a supply constrained downtown submarket where new hotel development is increasingly difficult due to rising construction costs, labor constraints. Upon completion of a PIP, a new owner will be positioned to reintroduce an institutional quality Hampton Inn into the downtown competitive set at a cost materially below today’s replacement cost.
Investment highlights
- 190 Guestrooms
- 16-story, Interior Corridor
- Located adjacent to the Gateway Arch in the heart of Downtown St. Louis
- Near local America’s Center Convention Complex, Busch Stadium, Federal Reserve Bank, U.S. Bancorp, Stifel Financial, Emerson Electric, and others
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