Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Welcome Suites Hazelwood (‘Hotel’ or ‘Property’) located in Hazelwood, Missouri. The Welcome Suites Extended Stay Hotels-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. The Welcome Suites Hazelwood is a 72-room, three-story Hotel stationed at 155 Chapel Ridge Drive in Hazelwood, Missouri. Common area amenities at the Property include a guest laundry facility and ample parking that can accommodate large vehicles. Hazelwood, located in Missouri, is a suburban community offering a mix of residential tranquility and convenient amenities. The city is strategically situated near major highways, facilitating easy commutes and access to nearby attractions. Residents can explore local parks like White Birch Park, which features walking trails, sports facilities, and green spaces for outdoor activities. Hazelwood's commercial areas host a variety of shops, restaurants, and services, contributing to the community's convenience. The St. Louis Outlet Mall is a popular destination for shopping enthusiasts, offering a range of retail options. The city's commitment to community events and engagement is evident in activities like the Hazelwood Farmers' Market and various seasonal celebrations. Additionally, Hazelwood provides essential services, healthcare facilities, and a range of housing options, creating a well-rounded and comfortable living environment for its residents. Situated within the St. Louis MSA, Hazelwood is located less than 20 miles from Downtown St. Louis and the demand generators that surround the city center. The Gateway Arch, a symbol of westward expansion, stands proudly along the Mississippi River and offers stunning views of the city. The city's historical significance is further exemplified by the Old Courthouse, where pivotal events, including the Dred Scott case, unfolded. St. Louis is renowned for its cultural institutions, including the St. Louis Art Museum, the Missouri History Museum, and the City Museum, providing engaging experiences for art enthusiasts and history buffs. The St. Louis Zoo, located in Forest Park, is a beloved destination for families, featuring a wide array of animals and exhibits. In the trailing twelve-month period ending in September 2023, the limited-service Hotel recorded room revenues of over $803,000 and a net operating income just over $200,000, after a 4 percent capital replacement reserve. Twelve-month RevPAR was recently climbing at an exceptionally strong rate: As of September, twelve-month average RevPAR in the St Louis Airport hotel submarket was up 10 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.