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Hotel / Upper Upscale


HOTEL INDIGO ST. LOUIS - DOWNTOWN


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501 OLIVE ST, SAINT LOUIS, MO 63101

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Transaction Fee:
Learn More
Opportunity Zone
PROPERTY INFORMATION
Asset Type: Property
Primary Property Type: Hotel
Primary Sub-Type: Hotel
Rooms: 88
Building Size (Sq. Ft.): 35,750
Year Built: 2019
Lot Size (Acres): 0.13
Floors: 12
Rare offering of a IHG-branded, 88-room Hotel Indigo in the heart of downtown
St. Louis with immediate access to crucial demand drivers.
Excellent access to all of the cities Major League sports teams, including Busch
Stadium, the home of the Cardinals, that is within walking distance.
The Hotel Indigo is a chic, eclectic boutique hotel with ultra-modern decor,
designer furnishings, and high-end luxury finishes.
ONLINE AUCTION
Dec 11 - Dec 13, 2023
BIDDING STARTS IN
20d 20h:09m
Starting bid
$2,300,000
DATA ROOM DOCUMENTS
REGISTER TO BID
Nathaniel SahnCBRE, Inc.Broker Contact(312) 636-0564
Send Email
James FoxxCBREBroker Contact(817) 372-9097
Send Email
Sophy CardenasTen-XAsset Manager(949) 861-5662
Send Email
Auctioneer License
Ten-X Arlene Richardson RE Brkr 2016002032
Property Id11461892
Event Item2023-Dec-11
Investment
Opportunity
COSTAR
ANALYTICS
DATA
ROOM



PROPERTY INFORMATION

Rare offering of a IHG-branded, 88-room Hotel Indigo in the heart of downtown
St. Louis with immediate access to crucial demand drivers.
Excellent access to all of the cities Major League sports teams, including Busch
Stadium, the home of the Cardinals, that is within walking distance.
The Hotel Indigo is a chic, eclectic boutique hotel with ultra-modern decor,
designer furnishings, and high-end luxury finishes.
Close to America's Center, one of the best convention center in the Midwest,
this hotel is ideally situated to gain business travel demand.
St. Louis hospitality market boasts improving occupancy approaching 60% and
enhanced RevPar at $71.45 as the market nears pre-pandemic levels.
Primary Property Type
Hotel
Type of Ownership
Fee Simple
Building Class
Class B
Assessor's Parcel Number
0117-00-0085-0
Property ID
11461892
Building Size (Sq. Ft.)
35,750
Unit Amenities
High Speed Internet Access
Building Coverage Ratio
6.31
Primary Sub-Type
Hotel
Year Built
2019
Floors
12
Lot Size (Acres)
0.13
Starting Bid
$2,300,000
Zoning Designation
I
Common Amenities
Fitness Center, Restaurant, On-Site Bar, Meeting Event Space, Public Access
Wifi, Smoke-Free
Rooms
88
Primary Property Type
Hotel
Primary Sub-Type
Hotel
Type of Ownership
Fee Simple
Year Built
2019
Building Class
Class B
Floors
12
Assessor's Parcel Number
0117-00-0085-0
Lot Size (Acres)
0.13
Property ID
11461892
Starting Bid
$2,300,000
Building Size (Sq. Ft.)
35,750
Zoning Designation
I
Unit Amenities
High Speed Internet Access
Common Amenities
Fitness Center, Restaurant, On-Site Bar, Meeting Event Space, Public Access
Wifi, Smoke-Free
Building Coverage Ratio
6.31
Rooms
88

DETAILED DESCRIPTION

The Downtown St. Louis Hotel Indigo is an eclectic IHG-branded boutique hotel in
the heart of downtown at 501 Olive Street. The hospitality asset comprises 88
gorgeous rooms and suites with iconic modern chic decor, designer furnishings,
and high-end luxury finishes. The upscale guest rooms are outfitted with plush
bedding, spa-inspired bathrooms, and large windows that allow ample natural
light and extensive city views. The hotel totals 35,750 square feet of space
spread across 12 stories. Additional onsite amenities include a fitness center,
a luxury bar and restaurant, a business center, and high-speed Wi-Fi. 501 Olive
Street presents the Hotel Indigo with a diverse range of local demand drivers
that can be tapped into to drive occupancy. The famous Gateway Arch monument is
a short drive or walk away. This heavily visited tourist attraction is one of
the most popular spots in the city. Guests from across the country come to view
the nation's tallest monument, soak in expansive views of the mighty Mississippi
River, and learn the area's rich history. Three major league sports teams'
stadiums are accessible as well, including Busch Stadium, the iconic home of
Major League Baseball's St. Louis Cardinals, The Enterprise Center, the home of
the National Hockey League's Blues, and CityPark, the newly erected stadium for
one of Major League Soccer's newest expansion teams, St. Louis City FC. Another
strong occupancy driver is the presence of America's Center, a convention center
just several blocks away. This center is an expansive conference and event space
that hosts various events year-round, including musical performances and
entertainment at its attached dome stadium. Guests at the Hotel Indigo will be
flushed with choice when it comes to local dining options, with a plethora of
excellent choices all within walking distance. The St. Louis Hospitality Market
accelerated throughout 2022 and 2023, marking ADR and RevPAR as fully recovered
from the COVID-19 pandemic. Attendance at large conventions resumed, helping
grow the need for accommodation for business travelers. Landmark attractions
like the Gateway Arch and the city's sports market drove the leisure side of
demand towards pre-pandemic levels. Leisure demand has been the primary driver
for hotels in St. Louis, thanks to the area's endless attractions for
out-of-town guests. Occupancy rates have nearly grown to 60%, while RevPAR has
improved to $71.45. The market is expected to continue to see improvements
thanks to the spike in leisure travel and the expected ramp-up of those
traveling for business. Take advantage of the opportunity to acquire this
premium, high-end hotel with access to endless demand drivers, poised to
capitalize on improving market conditions. Property tours are available below
and by appointment only. Please contact the broker to schedule. • Wednesday,
November 29th • Thursday, November 30th • Wednesday, December 6th • Thursday,
December 7th Listed by Matt Bukhshtaber with CBRE, MO license #2011029892.





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