Hospitality•Limited Service•For Sale

Holiday Inn Express

13735 Riverport Drive, Maryland Heights, Missouri 63043

Sale Price $8,250,000
Zoning PDM, Maryland Heights
Class B
Year Built 1988
Year Renovated 2015
Stories 6
Gross Bldg 94,506 SqFt
Land Area 2.7 Acres
Improvements Under Performing, Value-Add Opportunity in St. Louis County Ready for Full Formula Blue PIP Last Renovated in 2015 7 miles West of St. Louis Airport off of I-70 / I-270 Situated Within Business Park, Surrounded by Numerous Demand Generators Built: 1988 Rooms: 169 Price/Key: $52,662 PIP Estimate: +/- $20k/Key Owner May Consider Seller-Financing
Market Saint Louis
Sub-Market Maryland Heights
Sperry Commercial is pleased to present for sale the Holiday Inn Express St. Louis Airport-Riverport located in Maryland Heights, Missouri. This value-add opportunity is in need of a full Formula Blue PIP, is under-performing against its comp set, and currently ranks #16 of 18 on TripAdvisor. The property is conveniently located near the I-70/I-270 Interchange and St. Louis Lambert International Airport. The Holiday Inn Express is situated in a scenic park-like setting within the Riverport Business Complex, a 500 acre mixed use development, which is zoned and approved for office, light industrial and retail uses. Numerous business and leisure demand generators are located within minutes of this hotel. This property is being offered unencumbered by management or debt. Maryland Heights, MO is a suburban community located in the center of the St. Louis MSA, off the Missouri River. Maryland Heights is ideally situated in northwest St. Louis County, minutes from Lambert International Airport and historic St. Charles. The Gateway Arch, St. Louis' most iconic landmark, is 20 miles southeast on the Mississippi River.
  • Value-Add Opportunity
  • Ready for Formula Blue PIP (+/- $20,000/room)
  • Currently ranks #14 of 16 hotels on TripAdvisor
  • Under-performing at a RevPAR index of 81.7 against its STR Comp Set
  • Opportunity to increase Occupancy and ADR from key business accounts with new ownership and completion of PIP
  • Owner May Consider Seller-Financing
  • 20 miles from downtown St. Louis
  • 7 miles from St. Louis Lambert International Airport
  • 24-hour airport and area shuttle offered
  • Situated Within Riverport Business Complex
  • Blocks from United Healthcare, Boeing, Siemens, Lumeris, American Family Insurance, Spectrum Charter Communications, Magellan Health, Reed Elsevier
  • Surrounded by Numerous Attractions including the 20,000 capacity Hollywood Casino Amphitheater, Hollywood Casino, Dave & Busters, historic St. Charles and the Centene Community Ice Center - NHL St. Louis Blues new practice facility
  • Multiple youth sports complexes in the area including SportPort International, Centene Community Ice Center and Premier Athletic Group Sports Facility (proposed)

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10/11/2019 12:00:00 AM 1/21/2020 5:00:42 PM

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