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Holiday Inn Express St Louis - Central West End 4630 Lindell Boulevard St. Louis, MO 63108

Hotel
127 Rooms
66.70% Occupied
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Property Details (4630 Lindell Boulevard, St. Louis, MO 63108)
Asset Type Commercial
Starting Bid $3,000,000
Participation Deposit $25,000
Property Holiday Inn Express St Louis - Central West End
Property Description 127-Room Holiday Inn Express Located in St. Louis, MO
Primary Property Type Hotel
Net Rentable Area 63,037 Sq. Ft.
Lot Size 1.45 Acres
Number of Buildings 1
Number of Stories 3
Number of Rooms 127
Occupancy 66.7%
Occupancy As of Date 12/15/2017
Event Item # B229-405
Property ID 1000006357
Transaction Fee 5% of Winning Bid Amount (A minimum of $20,000 will apply)
  • Description
  • Due Diligence
Description for 4630 Lindell Boulevard, St. Louis, MO 63108

Property tours are available by appointment on the following dates. Please contact the listing broker to schedule a tour.
• Tuesday, February 6th
• Wednesday, February 7th
• Tuesday, February 13th
• Wednesday, February 14th

Investment Highlights:
• Fee simple interest in the institutionally owned and third party managed 127-room Holiday Inn Express St. Louis - Central West End with the ability to retain the Holiday Inn Express flag via a long-term relicense agreement
• Property offered for sale through Ten-X in the February 28th auction at a fraction of replacement cost and unencumbered of debt and management
• Approximately $3.1MM ($25,000/key) of CapEx improvements completed in the past three years
• Significant operational upside with current comp set RevPAR index of only 74%
• Located on a 1.5 acre site in the heart of the historic Central West End - St. Louis’ cultural epicenter and the region’s highest barrier to entry neighborhood with rapidly expanding commercial and residential development
• Opportunity to land bank the 63,000 SF rectangular parcel with 262 feet of frontage along primary Central West End corridor Lindell Avenue with potential for historic tax credit on future renovations and redevelopment
• Walking distance to the Central West End healthcare corridor including St. Louis Children’s Hospital, Washington University School of Medicine, and Barnes Jewish Hospital - the largest hospital in the state of Missouri and the single largest private employer in the St. Louis Region
• Walking distance to the $550MM, 200-acre Cortex innovation hub and technology district - with plans for another $2 billion build out culminating in 4MM square feet of state-of-the-art biomedical and technology facilities
• Walking distance to all core Central West End development projects include the $1 billion Barnes Jewish Campus expansion, $130MM North Kings highway residential development, the $90MM purchase and renovation of the Chase Park Plaza Royal Sonesta, the $70MM Orion multi-family development, as well as ongoing retail redevelopment including the recent addition of Whole Foods, Shake Shack, and Orange Theory Fitness
• One block from Forest Park, the seventh largest urban park in the United States and home to primary area leisure destinations including the St. Louis Zoo, Saint Louis Art Museum, the Missouri History Museum, and the St. Louis Science Center
• Proximate to all broader area demand including Busch Stadium, the world famous Gateway Arch, Washington University, Saint Louis University, America’s Center Convention Complex, Scottrade Center, Anheuser-Busch Brewery and Lambert International Airport

Auctioneer Licensing Information

Ten-X Arlene Richardson RE Brkr 2016002032




Property Details


Contact


Open House Information


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Redemption date of {[{value.description | auctionDate:'YYYY-MM-DD': "MMM DD, YYYY"}]}
  • Beau Mullenix
  • Paramount Lodging Advisors
  • MO RE Lic No: 2013036332
  • 314-568-7098
  • bmullenix@paramountlodging.com
  • Contact

  • Adam Montufar
  • Paramount Lodging Advisors
  • 515-446-4181
  • amontufar@paramountlodging.com
  • Contact
For auction related questions, contact:
  • Kirk Christensen
  • Ten-X
  • 949-672-3664
  • kirkc@ten-x.com
  • Contact
For registration, website, or transaction related questions, please call a Ten-X representative at (888) 770-7332.
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