St. Louis Sees a $750M Hotel Construction Boom

By on August 6, 2018

From Construction Dive:  There are 13 hotels being planned for downtown St. Louis, Missouri, a construction program worth approximately $750 million, according to KTVI Fox 2.

St. Louis’s burgeoning tech industry is partially responsible for the drive to add more hotel rooms to the existing stock, but the additional capacity is also expected to draw in more meeting and trade show bookings for the city’s America’s Center Convention Complex. Harry Lunt, senior vice president of sales and marketing for Innkeeper Hospitality Services LLC, reportedly told Fox 2 that the new hotel construction was in addition to approximately $6 billion of construction renovations in the downtown-midtown area. Kitty Ratcliffe, president of Explore St. Louis, which is the face of the St. Louis Convention & Visitors Commission, told Successful Meetings that the current and expected wave of new hotels should add 1,600 rooms to the city’s existing 7,000-key supply.

The Hotel Saint Louis, according to Lunt, which is a $65 million renovation (including the $3 million purchase price) of the historic landmark Union Trust Building into a Marriott Autograph Collection boutique hotel, is the first new hotel to be built in the city in 15 years. Loews and Hyatt are also introducing new hotels to the city, and Marriott is making another entry into St. Louis’s hotel market with its Aloft brand.

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