New Price!! This suburban HGI features a premier mixed use development and a growing corporate interstate corridor. The income stream will also be attractive to anyone who evaluates this offering.

Executive Summary

The Hilton Garden Inn name is one of the most sought after select service brands by investors of all types including REITs, private equity firms, high net worth investors and regional operators.  It has all of the attributes of a superior investment, including an interstate location, demand generators, a corporate business model and an upscale mixed-use development.  Furthermore, the St. Louis metro is considered among the top 20 US markets.   The hotel is located in one of the premier mixed-use developments in the St. Louis metro, located in a growth suburban market, O’Fallon, MO.   Besides the preponderance of corporate business, the transient Interstate 64 traffic is by-passing downtown to go south and east toward Memphis, so there is a fair amount of rack-rate business.
Opened in 2003, the Hilton Garden Inn has completed the Project Grow lobby.  It perennially ranks highly in guest reviews on the many travel sites, including #1 on TripAdvisor.

The ownership is liquidating its only two hospitality holdings to concentrate on other investments.  The WingHaven 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, however, would be subject to two separate and individual negotiations.  Simultaneous closings may or may not be possible.  Either way, this offering is worthy of your review and consideration.

Property Details

Address
2310 Technology Drive, St. Louis, MO
Price
$16,750,000 
Rooms
122 
Price Per Key
$137,295 
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
  • Year over year revenue increases
  • Up 5% + for 1st half of 2014
  • Suburban interstate location (I-64)
  • Upscale suburban mixed use development
  • MasterCard’s 520,000 sq. ft. Global Technology campus is located in Winghaven
  • This section of I-64 has become known as the technology innovation corridor
  • Can be delivered with or without management
  • Adjacent to WingHaven Country Club & Midwest Bank Centre
  • Citi Mortgage nearby
  • Metro area of nearly 3 million – a top 20 market for population
  • EBITDA up nearly 100k YTD 2014

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

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