Overview
Avison Young presents a compelling opportunity to acquire the Hampton Inn in Downtown St. Louis, Missouri, a Hilton branded hotel located within the city’s primary convention, sports, and tourism corridor. Unlike suburban or highway oriented select service assets, the Property benefits from an urban, walkable location proximate to America’s Center Convention Complex, Busch Stadium, the Gateway Arch, and major downtown employers.
The completion of the change of ownership PIP will create a basis reset acquisition opportunity in a supply constrained downtown submarket where new hotel development is increasingly difficult due to rising construction costs, labor constraints, and financing challenges. Upon completion of the required renovations, a new owner will be positioned to reintroduce a fully brand compliant, institutional quality Hampton Inn into the downtown competitive set at a cost materially below today’s replacement cost
Investment Highlights
The investment thesis is centered on acquiring a well located urban asset at a reasonable basis, executing a comprehensive renovation program, and capitalizing on the continued recovery and long term growth of Downtown St. Louis’s convention, sports, and tourism demand. Post PIP, the Property is expected to achieve meaningful gains in ADR, occupancy, and overall market penetration as product quality, guest satisfaction, and brand visibility are improved.
With Hilton brand affiliation, strong long term downtown demand fundamentals, and multiple avenues for post renovation revenue growth, the Hampton Inn Downtown St. Louis offers investors a differentiated value add opportunity focused on urban core repositioning, replacement cost arbitrage, and long term market recovery upside.
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