St. Louis Renaissance Grand sale remains pending

The sale of the Renaissance Grand complex in downtown St. Louis has still yet to go through, the St. Louis Post-Dispatch reports, but deals with the prospective new owners remain intact, officials say.

Both sales will are targeted for closing in the second half of March.

After years of trying, owners of the Renaissance Grand said in November they had found a buyer for the hotel, which has had financial struggles. Bondholders who have owned the 917-room hotel since foreclosing on it in 2009 said they had a deal to sell the hotel to 800 Washington LLC.

Officials said at the time that the $26-million deal excluded the hotel complex’s suites portion in the former Lennox Hotel across Washington Avenue from the Renaissance Grand.

In December, officials announced a deal to sell the 165-room suites hotel to investment firm Maritz, Wolff & Co. for $3.2 million. A Maritz official said at the time that the sale would close Feb. 14. But last Friday came and went without the deal's completion.

Plans call for the Renaissance Grand to continue to fly the Marriott flag.