DoubleTree Hotel St Louis Westport
DoubleTree Hotel St Louis Westport
HREC Investment Advisors is pleased to present the opportunity to acquire fee simple interest in the 327-room DoubleTree by Hilton Hotel St Louis Westport located at 1973 Craigshire Rd, Saint Louis, MO 63146. The acquisition provides an exceptional opportunity to re-position and improve top-line revenue in a well-branded asset post-PIP. The Property is being offered unencumbered of management or debt at a fraction of replacement cost with the ability to retain the Hilton flag.
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HREC Investment Advisors® – 2016 to present – Principal
Our experience in resolving complex issues related to hotel sales, debt and equity placements and ownership issues have allowed us to develop a reputation as a skilled advisor and closer.
- Property Type
- Hotel & Hospitality
- Deal Type
- Acquisition
- Risk Profile
- CoreCore Plus
Conveniently located near the intersection of I-270 and Route 364, the Hotel maintains a highly visible, steel construction box from the surrounding major throughways that would massively benefit from a well-placed PIP. The Hotel is located five minutes from the Westport Plaza, 6 miles from St. Louis Lambert International Airport, and 18 miles from downtown Saint Louis. The Property offers a free shuttle to St. Louis Lambert International Airport. The Hotel is proximate to all St. Louis broader corporate demand including World Wide Technology, Edward Jones, Graybar, and the new Rawlings Sporting Good’s Headquarters located in Westport Plaza Office & Entertainment district.
A well-placed PIP would not only rejuvenate the Hotel but aid in driving top-line revenue. As of the June 2023 TTM period, the Hotel only achieved a 75% Occupancy penetration relative to its competitive set – signaling tremendous upside for a new Owner. The competitive set supports this upside potential, with a 17% YoY increase in Occupancy and a 24% YoY increase in RevPAR (both per June 2023 TTM).
The Property benefits from its on-site F&B Outlet (Copperfield’s), over 20,000 SF of flexible meeting space, and multiple room offerings to capture multiple demand groups and drive rate. The St. Louis Northwest Submarket, where the Property resides, is outperforming the Greater Saint Louis Market with twelve-month occupancies up to 61.1% versus a market-wide 58.8%. Twelve-month RevPAR was also up sharply in June and climbed at a 14.6% YoY rate.