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Marriott PORTFOLIO- St. Louis, MO -- Make an Offer! -- 3.13x Room Gross

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Property Overview

Partnership must sell. UPSIDE-- Currently under absentee ownership and operated by a third party management company. Two interior corridor properties: Marriott branded select service and extended stay in southwest St. Louis suburb. Both renovated in 2006, these hotels are located in a high barrier to entry market with limited development potential. Major freeway location.

Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com
Leigh-Anne Ashton Contact Broker Phone: 626.441.1977 E-mail: laashton@hotelbrokerone.com

Property Highlights

Asking Price:
$9,500,000
Location:
Major freeway location across from Anheuser-Busch Center and within a short proximity to several corporate and leisure demand generators.,St. Louis (Fenton)
Property Description:
Select Service
Number of Rooms:
201
Major Source of Business:
Corporate and Leisure near Maritz, UniGroup, Nooter Erickson, Six Flags St. Louis, Roeslein & Associates, BNSF and the Missouri Air National Guard.
Site Size:
2.5 acres and 3.6 acres
Year Built:
1998
Last Year Renovated:
2006
Common Area Amenities:
Wireless High Speed Internet, Heated Pool(s), Business Center(s), Fitness Center(s), and Guest Laundry Facilities.

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2010 Year to Date
  • 39.92%
  • $65
  • $468,821
  • $479,247
  • $47,263
  • 0.00
  • 0.00%
2009 Year Ending
  • 53.69%
  • $69
  • $746,165
  • $3,029,825
  • $3,078,874
  • $47,263
  • 3.13
  • 12.73
  • $998,909
  • 7.85%
2008 Year Ending
  • 0.00%
  • $1,130,140
  • $3,146,558
  • $3,206,759
  • $47,263
  • 3.13
  • 0.00
  • 0.00%
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Location

1680 Fenton Buisness Park Court

1662 Fenton Buisness Park Court
St. Louis (Fenton), Missouri 63026

Listing Broker

Bruce V Holmes, HotelBrokerOne Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com
Leigh-Anne Ashton, HotelBrokerOne Contact Broker Phone: 626.441.1977 E-mail: laashton@hotelbrokerone.com
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Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com
Leigh-Anne Ashton Contact Broker Phone: 626.441.1977 E-mail: laashton@hotelbrokerone.com

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