St. Louis Holiday Inn changes hands

(The property is located less than eight miles from Lambert-St. Louis International Airport, a priority city for Southwest Airlines.)

HREC Investment Advisors arranged the sale of the 155-guestroom, full-service, Holiday Inn Airport West- Earth City located in St. Louis, Mo.

Ted Anka, VP in HREC’s Miami office and Tom Sommer, VP in the company's Chicago office, exclusively represented the seller during the transaction.

The property is located less than 8 miles from Lambert-St. Louis International Airport, a priority city for Southwest Airlines. The airport submarket is also benefiting from significant corporate growth in the local area. Most notably, Boeing opened a new engineering and research center at the St. Louis Airport less than ten miles from the Hotel. The new manufacturing center will bring as many as 700 new jobs to the area – adding to the already 15,000 Boeing employees in the St. Louis region.

Guests of the Holiday Inn Airport West Earth City will have access to an on-site business center open 24-hours a day, an indoor pool, cocktail lounge and a 24-hour fitness center. The property also offers standard free Wi-Fi, complimentary coffee, a concierge level, executive club level and a number of specialized booking packages.

HREC a lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals) and litigation support. The company has offices located throughout North America.