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- LoopNet Team
711 N Broadway
Saint Louis, MO 63102
Pear Tree Inn St. Louis Convention Center · Hospitality Property For Sale
·
269,725 SF
Investment Highlights
- Optionality between limited and full-service segmentation with ~5,800 SF of former restaurant space included on-site.
- Within walking distance of the iconic Gateway Arch, St. Louis Cardinals Busch Stadium, and the Ballpark Village dining and entertainment district.
- Ideally located adjacent to the St. Louis Convention Center and The Dome at the America’s Center Convention Complex.
Property Facts
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1925/2013 |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.26 AC | Parcel Number | 0121-00-0015-0 |
| Building Size | 269,725 SF | ||
| Zoning | CBD - Central Business District | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.26 AC |
| Building Size | 269,725 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1925/2013 |
| Corridor | Interior |
| Zoning | CBD - Central Business District |
| Parcel Number | 0121-00-0015-0 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
About 711 N BROADWAY , SAINT LOUIS, MO 63102
Leasehold interest in the 176-room Drury Inn & Suites St. Louis Convention Center housed within the historic Union Market building originally built in 1925. Offered unencumbered of Drury management and brand with several attractive re-branding options available from all major franchisors including Hilton, Marriott, Hyatt, and IHG among others. Union Market building contains 461 interior parking stalls that are controlled by the leasehold owner and generate an additional average net income of ~$220k annually. Now is an ideal time to be investing in the St. Louis downtown core with current developments underway including the new $1.7B National Geospatial-Intelligence Agency campus, $461MM St. Louis City SC MLS soccer stadium and district, and $175MM America’s Center Convention Center Complex expansion. In 2022, America’s Center’s top events are expected to fill upwards of 230,000 hotel rooms and generate $239MM in revenue for the city – up 53% from $156MM in 2019.
