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501 Olive St St Louis, MO 63101

For Sale
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88-room Hotel Indigo in Downtown St. Louis for sale.

Source: Adam Montufar Agent Adam Montufar

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Hotel Indigo St. Louis Opportunity

Offered is the fee simple interest in the 88-room Hotel Indigo Downtown St. Louis, Missouri. This historic asset, housed in the iconic LaSalle Building, a 13-story architectural landmark opened in 1909 and converted to a hotel in 2019, is being offered through a court-appointed receivership and traditional marketing process. The property is unencumbered by management and offered at a substantial discount to replacement cost, presenting a significant operational upside in repositioning the asset post-receivership, which has been in place since March 2023. The upper upscale Hotel Indigo branding can be retained via a long-term license agreement. Lucrative, transferrable tax incentives are in place, including a Community Improvement District (CID) property tax abatement and a Transportation Development District (TDD) sales tax rebate. Downtown St. Louis is set to benefit from significant investment through projects such as the $1.2 billion Gateway South Project, the $1.1 billion North-South Metrolink Line, and the $670 million redevelopment of the former Millennium Hotel property. City-wide event bookings for 2025 are pacing over 100,000 room nights ahead of 2024, with a projected total of approximately 273,000 expected.
Location Intelligence

Current Use by Public Records

Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Louis
County
St. Louis
State
Missouri
Longitude
-90.1926
Latitude
38.6312

FAQs

What type of property is this?
Hotel - 88-room Hotel Indigo in Downtown St. Louis for sale.
Where is this hotel located?
The property is located at 501 Olive St St Louis, MO.
What are key features of this property?
This property features: - Substantial discount to replacement cost, offering operational upside.; - Lucrative, transferrable tax incentives including a Community Improvement District (CID) property tax abatement and a Transportation Development District (TDD) sales tax rebate.; - Retain upper upscale Hotel Indigo branding via a long-term license agreement.
More about this property
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