New Price! This HGI features an interstate location, international airport, expanding office park & a Fortune 100 company next door. Attractive revenue increases, too.

Executive Summary

The Hilton Garden Inn NorthPark has all of the attributes of a superior investment, including location, demand generators, a corporate business model and a major international airport. Furthermore, the St. Louis metro is considered among the top 20 US markets. The hotel’s location is ideal in that it is adjacent to an international airport, 2 major interstates, a university, and a growing Fortune 100 company. It ranks highly in guest reviews and received the TripAdvisor Certificate of Excellence in 2013.

The ownership is liquidating its only two hospitality holdings to concentrate on other investments. The NorthPark Hilton Garden Inn is being marketed in conjunction with one other St. Louis area Hilton Garden Inn.  However, the hotels are held under two different ownership entities, with different partners. Therefore, they can be purchased individually or as a portfolio. Any portfolio transaction would be subject to two separate and individual negotiations. Simultaneous closings may or may not be possible. Either way, this offering is certainly worthy of your review and consideration.

Property Details

Address
4450 Evans Place, St. Louis (Berkeley), MO 63134
Price
$17,750,000 
Rooms
136 
Price Per Key
$130,515 
Property Type
Select Service 
Revenue
Call or email for CA-NC 
Website
 

Hotel Description

  • Offered at an 8.25% cap rate based on YE 2013
  • Up nearly 10% + for 1st half of 2014
  • Project Grow lobby completed
  • 24 various suites
  • 8600 sq. ft attached conference center
  • Year over year revenue increases
  • Metro area of nearly 3 million – a top 20 market for population
  • Newer business park location with significant area growth potential
  • Adjacent to the Express Scripts (ESRX) HQ and distribution facilities (Fortune 100)
  • University of Missouri – St. Louis (UMSL) campus is nearby
  • Emerson Electric (EMR) world HQ is nearby (Fortune 500)
  • Can be delivered with or without management
  • Only 11 miles to the attractions of downtown St. Louis
  • EBITDA up 100k YTD 2014

Contact a Broker

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Brent Jaynes

8725 Rosehill Road, Suite 300
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771