150 Ludwig Dr | Fairview Heights, IL 62208
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- LoopNet Team
150 Ludwig Dr
Fairview Heights, IL 62208
Best Western St. Louis Fairview Heights · Hospitality Property For Sale
·
19,912 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in the institutionally owned and third-party managed 61-room Hampton Inn St. Louis/Fairview Heights, Illinois.
- Offered unencumbered by management and brand with a variety of conversion options available, including Spark by Hilton, among others.
- Property is ideally located adjacent to Interstate 64, with a high traffic volume of upwards of 95,000 vehicles per day, making it easily accessible.
- Available for individual sale as part of a larger nine-property institutional portfolio sale in the August 15th auction event via Ten-X.
- Significant operational improvements are expected after the PIP is completed and the transition to a regional owner/operator model.
- Fairview Heights is known as the Retail Hub of Southern Illinois, housing St. Clair Square Mall, 100 restaurants, and 7 additional shopping centers.
PROPERTY FACTS
| Sale Condition | Auction Sale | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1993/2006 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.72/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.01 AC | Parcel Number | 03-21.0-404-009 |
| Building Size | 19,912 SF | ||
| Zoning | B2A - General/ Special Commercial | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 19,912 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1993/2006 |
| Tenancy | Single |
| Parking Ratio | 3.72/1,000 SF |
| Corridor | Interior |
| Zoning | B2A - General/ Special Commercial |
| Parcel Number | 03-21.0-404-009 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
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