Hodges Ward Elliott is pleased to present the opportunity to acquire the fee-simple interest in the 165-room Courtyard St. Louis Downtown/Convention Center. Originally built in 1929 as Hotel Lennox and later converted to a Courtyard in 2015, the historic building stands out for its architectural character. Situated in the heart of downtown and directly adjacent to the America’s Center Convention Complex, the Property is ideally positioned to capitalize on business and leisure travel alike.

 

The Hotel is surrounded by 105 million square feet of office and industrial space within a five-mile radius, providing consistent year-round demand. The Courtyard represents a compelling opportunity to acquire an asset with a second-to-none location.

ADDRESS

823–827 Washington Ave

St Louis, Missouri 63101

YEAR OPENED/COURTYARD OPENED

1929/2015

RENOVATED

2024

KEYS

165

STORIES

24

F&B OUTLETS

The Bistro

MEETING SPACE

1,144 SF

AMENITIES

Fitness Center

Convenience Store

Business Center

INTEREST CONVEYED

Fee Simple

MANAGEMENT

Uncencumbered

Adjacent to America’s Center Convention Complex

 

The Property is situated adjacent to America’s Center Convention Complex, a vital economic engine for the St. Louis region with the designation of “Best Convention Center – Midwest” in the 2022 Stella Awards. The complex recently completed a $240 million renovation and expansion in early 2025 that added a new 72,000-square-foot exhibit hall and more than doubled the number of enclosed loading docks, further solidifying its position as a premier destination for conventions and large-scale events. In total, the convention center spans over 2.2 million square feet of total space, including 574,000 contiguous square feet of exhibit space across seven exhibit halls, complemented by 95 meeting rooms, a 28,000-square-foot ballroom, the 1,400-seat Ferrara Theatre, and The Dome at America’s Center with a seating capacity of 67,000 seats. On an annual basis, the complex hosts an average of 109 events generating over 600,000 attendees, 350,000 room nights, and $258 million in direct spending for the regional economy. The Courtyard is the closest asset to the convention complex, making it a reliable choice for business and group travelers visiting the destination.

Extensive Corporate Demand

 

The St. Louis metropolitan area is the Midwest’s economic and corporate hub, anchoring the region with a GDP of $226.5 billion, which is an increase of 7.1% year-over-year and ranks 16th nationally among U.S. metro areas. The area benefits from a diversified economic base with significant concentrations in healthcare, aerospace and defense, financial services, energy, agribusiness, and manufacturing. The MSA has 22 companies that are listed on the Fortune 1000, Forbes Global 2000, and Forbes list of America’s Largest Private Companies, a concentration that exceeds regional peers such as Indianapolis, Nashville, and Kansas City. The Hotel sits at the center of this corporate activity, with approximately 105 million square feet of office and industrial space within a five-mile radius, including significant operations from multiple major employers. In addition, aerospace manufacturing alone represents a $5.1 billion industry within the region, with a job concentration 378% above the national average, anchored by Boeing’s substantial St. Louis presence. Notably, the National Geospatial-Intelligence Agency (NGA) opened its new 2.4-million-square-foot campus in September 2025, representing the largest investment in St. Louis history at $1.75 billion. This dense concentration of corporate activity represents a substantial and reliable demand base for the Hotel.

Surrounded by National Tourist Attractions

 

The Hotel is within walking distance of numerous world-class tourist attractions due to its downtown location. Less than a mile away, The Gateway Arch stands as the nation’s tallest man-made monument and the city’s defining icon at 630 feet tall, drawing over two million annual visitors. The broader Gateway Arch National Park experience encompasses six museum galleries, a tram ride to the top, a virtual reality theater, riverboat cruises along the Mississippi, and 91 acres of urban green space, all free or modestly priced. Steps away, Busch Stadium is home to the storied St. Louis Cardinals, with Ballpark Village, a vibrant dining, entertainment, and retail district, anchoring the surrounding blocks. Also nearby, the Enterprise Center hosts the St. Louis Blues of the National Hockey League, while the Stifel Theatre and the Fabulous Fox Theatre bring touring Broadway productions and world-class performances to downtown audiences. The City Museum, a one-of-a-kind attraction housed in a former shoe factory, features man-made caves, a ten-story slide, and immersive architectural installations, drawing visitors of all ages. St. Louis Union Station, a National Historic Landmark, has been reimagined as a destination, housing the St. Louis Aquarium, restaurants, and the St. Louis Wheel. Collectively, St. Louis offers more free world-class attractions than any American city outside of Washington, D.C., making it a compelling leisure destination that drives sustained visitation and lodging demand throughout the year.

At the Heart of Downtown St. Louis

 

The Courtyard sits at the epicenter of downtown St. Louis, steps from the America’s Center Convention Complex and within walking distance of the region’s defining attractions. From the Gateway Arch to Busch Stadium and the reimagined Union Station, the Hotel’s location places guests at the heart of everything the destination offers.

 

  • Adjacent to America’s Center Convention Complex
  • 0.6 miles to the City Museum
  • 0.7 miles to the Gateway Arch
  • 0.7 miles to Busch Stadium & Ballpark Village
  • 0.8 miles to the Enterprise Center
  • 1.4 miles to St. Louis Union Station

One of the Strongest Performing Hospitality Markets in the Country

 

The St. Louis hospitality market is experiencing one of the most impressive performance recoveries of any major U.S. city, underpinned by a powerful combination of renewed convention activity, growing corporate demand, and surging leisure visitation. Through November 2025, St. Louis led all top 25 U.S. markets in both occupancy growth at 6.7% and demand growth at 5.8%, while achieving the second-highest RevPAR gain in the nation at 9.7%. Since the beginning of Q2 2025, following the reopening of America’s Center Convention Complex after its transformative renovation, St. Louis RevPAR advanced 12.7% on a 5.2% occupancy increase and 3.2% ADR growth. In Q3 2025 alone, St. Louis posted the strongest year-over-year RevPAR growth in the nation at 13%, a testament to the market’s momentum. The St. Louis CBD submarket continues to shine as well, with CoStar reporting June 2026 year-over-year gains of 2.4% in occupancy and 4.4% in ADR, resulting in 6.8% RevPAR growth. The confluence of a renovated convention center, a thriving corporate base, and a downtown with national attractions provides a strong foundation for the MSA moving forward.

Clean Investment Offering

 

The fee-simple interest in the Courtyard is being offered free and clear of existing management, affording new ownership maximum optionality in the future operation of the Hotel.

Dominant Brand & Distribution System

 

The Property benefits from its affiliation with Marriott, the world’s most recognizable and top-performing hospitality brand. Marriott offers centralized marketing, booking, and rewards systems, providing the Hotel with access to over 270 million Marriott Bonvoy members. Courtyard is a top-tier brand and arguably one of the most valuable franchise brands in the select-service space in the U.S. The brand currently has over 1,000 properties nationwide totaling over 140,000 rooms.

EXCLUSIVE REPRESENTATIVES

Clint Hodges
Executive Managing Director
chodges@hodgeswardelliott.com

Austin Brooks
Executive Managing Director
abrooks@hodgeswardelliott.com

Michael Brandes
Vice President
mbrandes@hodgeswardelliott.com
Dawson Ovard
Analyst

dovard@hodgeswardelliott.com

ACQUISITION FINANCING ADVISOR

Michael Britvan

Executive Managing Director

mbritvan@hodgeswardelliott.com