501 Olive St St. Louis, MO 63101
88-room Hotel Indigo in Downtown St. Louis for sale.
- Added:
- Nov 25, 2025
- Days on Market:
- 128
- Last Refresh:
- Mar 29 at 8:18 pm
Property Features for 501 Olive St St.
General Information
- Standard status
- Active
Listing agent Adam Montufar License #IA #B62458000 (312) 576-2011
Listing office (312) 576-2011
Listing date Nov 25, 2025
Source Alchemyrea
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Adam Montufar
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
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.1926
- Latitude
- 38.6312
Nearby Similar for Sale
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.
