This Hospitality Property is no longer advertised on LoopNet.com.
501 Olive St
Hotel Indigo St. Louis - Downtown · Hospitality Property For Sale
·
35,750 SF
INVESTMENT HIGHLIGHTS
Rare offering of a IHG-branded, 88-room Hotel Indigo in the heart of downtown St Louis with immediate access to crucial demand drivers.
Hotel Indigo is a chic, eclectic boutique hotel with ultra-modern decor, designer furnishings, and high-end luxury finishes.
St Louis hospitality market boasts improving occupancy approaching 60% and enhanced RevPar at $71.45 as the market nears pre-pandemic levels.
Excellent access to all of the cities Major League sports teams, including Busch Stadium, the home of the Cardinals, that is within walking distance.
Close to America's Center, one of the best convention center in the Midwest, this hotel is ideally situated to gain business travel demand.
PROPERTY FACTS
Sale Condition
Auction Sale
Property Type
Hospitality
Property Subtype
Hotel
Building Class
B
Lot Size
0.13 AC
Building Size
35,750 SF
No. Stories
13
Year Built
2019
Corridor
Interior
AMENITIES
Fitness Center Restaurant
High Speed Internet Access On-Site Bar
Boutique/Lifestyle Hotel Meeting Event Space
Public Access Wifi Smoke-Free
PROPERTY TAXES
Parcel Number
011700-00850
Improvements Assessment
$1,819,500
Land Assessment
$134,000
Total Assessment
$1,953,500
