Upper Palmiste Rd St, St. Louis, MO 63101
- Hospitality properties
- 8,500 SF
- 10.00 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 0 Upper Palmiste Rd St
- Lot size
- 10.00 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional St. Louis, MO hotel boasts 8,500 square feet on a 10-acre lot, featuring 29 well-appointed rooms, a restaurant with 20 tables, a tranquil spa with three treatment tables, and three community pools plus four private splash pools. The property includes a 22kW solar electric system, significantly reducing energy costs. Currently staffed by 25-30 employees, it offers organized tours and convenient transportation options. Its prime location is a short walk from Soufriere town and beautiful beaches. Financial performance is strong, with 2023 revenue reaching $2.6 million and a projected $3.7 million for 2024, based on a forecasted 80% increase in occupancy rate (currently 72%) and a projected average daily rate (ADR) of $392. The property benefits from incentives under the local Tourism Act. Exceptional guest reviews include a 2023 "Best of the Best" (Top 1%) TripAdvisor award and a 2022 Traveler's Choice (Top 10%) award. Ample parking is available with 16 spaces. Significant growth potential exists through value-added development and service expansion. The asking price is $11,450,000.
Value Estimations
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.1928
- Latitude
- 38.6305
