Paramount Lodging Advisors Team Arranges Sale of the Holiday Inn Express St. Louis – Central West End St. Louis, MO
May 25, 2018 1:40pm
St. Louis, MO—Paramount Lodging Advisors (PLA) has successfully sold the Holiday Inn Express St. Louis - Central West End (CWE) located at 4630 Lindell Blvd. PLA Associate Beau Mullenix, Managing Director Adam Montufar, and Senior Managing Directors Bennett Webster and Brent Clemens representing the seller in this transaction.
The sale of the 127-room Holiday Inn Express adds to PLA’s continued success both in St. Louis and on the Ten-X platform. The hotel is located in the epicenter of CWE's most high-profile retail and multi-family developments.
"We were extremely pleased with the interest level received during this marketing process, resulting in excess of 400 buyers reviewing the deal. It was a great opportunity for the purchaser to acquire another IHG property within the region, in what we believe is one of the strongest prospective submarkets in the entire midwest. The Central West End is experiencing a resurgence in development and robust demand growth,” stated Mullenix.
This represents the second successful closing for PLA in St. Louis during the past 45 days with another two engagements currently under contract in the market.
Tags: paramount lodging advisors,
holiday inn express,
holiday inn express central west end
Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information regarding PLA, please visit www.ParamountLodging.com.
Contact: Jacki Bubis
IHG’s Holiday Inn Express, Hilton’s Home2 Suites, and Marriott’s Fairfield Inn Claim 20% of U.S. Construction Pipeline Projects
Paramount Lodging Advisors Arranges the Sale of the DoubleTree by Hilton – Pruneyard Plaza Hotel in Campbell/San Jose California
Paramount Lodging Advisors Sells Ocean Front Gold Beach Inn, Ireland’s Rustic Lodges & RV Park and Ireland’s Commercial Income Property in OR
Paramount Lodging Advisors Sells Bakersfield, CA Four Points by Sheraton Hotel
Paramount Lodging Advisors Successfully Completes another Iowa Transaction with the Sale of the Holiday Inn Express (Collins Rd.) in Cedar Rapids, IA
Paramount Lodging Advisors (PLA) Sells the Hampton Inn & Suites Federal Way/Seattle Washington
XSS Hotels (“XSS”) and Cathartes Investments to Develop New-Build, Dual-Branded Staybridge Suites® and Holiday Inn Express® in Quincy, Massachusetts, a Suburb of Boston
Paramount Lodging Advisors Successfully Completes Another Texas Transaction with the Sale of the Courtyard by Marriott in Beaumont, TX
Paramount Lodging Advisors Sells Washington Red Lion Hotel
IHG and SAMHI Inaugurate the Holiday Inn Express Gurgaon Sector 50 as the First of 14 Properties to Be Rebranded as HIE Hotels
Paramount Lodging Advisors Launches Subsidiary, Paramount Capital Advisors
Paramount Lodging Advisors (PLA) Sells the Four Points by Sheraton & Banquet Center Sacramento International Airport
Paramount Lodging Advisors (PLA) Sells Texas Fairfield Inn & Suites
Paramount Lodging Advisors (PLA) Leads the Successful Sale of the Downtown Milwaukee Hyatt Regency
Paramount Lodging Advisors Team Sells Hampton Inn in Victoria, TX
Noble Merchant Properties Selects Hotel Equities to Manage Four New-Build Hotels in Texas
Holiday Inn Express® Moscow – Sheremetyevo Airport Opens in Russia
HMC to Manage 104-Room Holiday Inn Express in Albuquerque, New Mexico
IHG and Toledo International Partner to Bring Holiday Inn Express to the Heart of Singapore
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
Please login or register to post a comment.