0 Upper Palmiste Rd StSt. Louis, MO 63101

For Sale
$11,450,000

8,500 sq ft Hotel, 10 Acres, High Revenue

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional St. Louis, MO hotel boasts 8,500 square feet on a 10-acre lot, featuring 29 well-appointed rooms, a restaurant with 20 tables, a tranquil spa with three treatment tables, and three community pools plus four private splash pools. The property includes a 22kW solar electric system, significantly reducing energy costs. Currently staffed by 25-30 employees, it offers organized tours and convenient transportation options. Its prime location is a short walk from Soufriere town and beautiful beaches. Financial performance is strong, with 2023 revenue reaching $2.6 million and a projected $3.7 million for 2024, based on a forecasted 80% increase in occupancy rate (currently 72%) and a projected average daily rate (ADR) of $392. The property benefits from incentives under the local Tourism Act. Exceptional guest reviews include a 2023 "Best of the Best" (Top 1%) TripAdvisor award and a 2022 Traveler's Choice (Top 10%) award. Ample parking is available with 16 spaces. Significant growth potential exists through value-added development and service expansion. The asking price is $11,450,000.

Highlights

  • 8,500 SF hotel on a 10-acre lot in St. Louis, MO.
  • 29 guest rooms, restaurant (20 tables), spa (3 treatment tables), and 7 pools.
  • 22kW solar electric system.
  • Strong financial performance: $2.6M revenue in 2023, projected $3.7M in 2024.
  • Awards include 2023 TripAdvisor "Best of the Best" (Top 1%) and 2022 Traveler's Choice (Top 10%).
  • 16 parking spaces.

Property Details for 0 Upper Palmiste Rd St

Property type
Other hospitality properties, Hotels
Square Feet
8,500 SF
Lot Size (sq. ft)
435,600 SF

Location Insight

City
St. Louis
County
St. Louis
State
Missouri
Latitude
38.6305392
Longitude
-90.1928216
Upper Palmiste Rd St, St. Louis, Missouri

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0 Upper Palmiste Rd St
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