Clarion Hotel & Conference Center St Louis Airport - St Louis, MO

$1MM PRICE REDUCTION!!! - St Louis area hotels at $20K per key do not come up for sale often. Originally built as a Doubletree, the hotel is only minutes from Lambert Intl Airport.

Property Details

Address 9600 Natural Bridge Road, St Louis MO (view map)
Price $3,950,000
Rooms 197
Price Per Key 20,051
Property Type Quasi Full Service - Intl Airport
Revenue $1,700,000 YE 2012

Executive Summary

Ths ownership has recently reduced the price by 20%, which shows they are motivated.  After a quick review of the STR report, you will discover plenty of potential upside in this hotel, as it underperforms its compset by 25 percentage points in occupancy.  The hotel will be re-flagged and has just had a PIP review for the Clarion flag (for 160 keys).  The ownership will begin the PIP and the transfer if the hotel does not sell.  Although the property is an airport hotel, it offers amenities to accomodate guests beyond those of the air travel  segment.  However, the facilities are not utilized or marketed in such a way to maximize the benefits the hotel offers.  The food service, including the guest breakfast, is leased for $3500 per month, however, there is no lease payment made in exchange for the lessee covering the cost of the guest breakfast. For an investor with the marketing expertise to penetrate the compset, there would be considerable upside in the revenue.

Contact an Associate

Brent Jaynes, Managing Partner Brent Jaynes, Managing Partner
913-499-4731 (office)
Send an Email

Hotel Description

  • Attractive Lobby
  • Repainted exterior - nice curb appeal
  • Just off of I-70
  • Across from Lambert Intl. Airport
  • Concrete/ Steel construction 
  • 160 keys licensed for the Clarion conversion
  • Individual HVAC
  • New carpet 70 units
  • Lounge/ grill & bar (leased)
  • Meeting/ banquet space
  • Large business center
  • Fitness Center
  • Indoor domed pool
  • Airport shuttles
  • Minutes from Harrahs and Ameristar