投资亮点 扩大地方经济机场的子市场以满足大型跨国公司需求。毗邻酒店，重建了西北交叉口，增加了贸易区。 提高品牌和重新定位的可用性，并且ADR将通过更新品牌到高级高档品牌而得到增强。IHG希望保留Crowne Plaza品牌，并希望与感兴趣的投标者讨论交易结构。通过在Cloud餐厅或TGI Friday＆rsquos s空间中创建小型宴会厅空间，满足额外的集团需求并提高运营效率。 优良条件 在2013年完成了950万美元的PIP所有权变更。自2013年以来，包括主要屋顶，所有暖气和家用热水锅炉以及大多数RTU的其他系统已经进行了升级和更换（花费200万美元）。自2013年以来，总资本支出为1150万美元，或者32857美元/键。 不受管理和债务约束。物业参观和详细联系方式：将在以下日期提前安排物业参观：2月22日，23日，3月1日，2日，3月15日，16日，请届时不要直接与酒店联系。 请联系David Altobello或Andy Kern安排参观。大卫·阿尔托贝洛；703-424-8183 - daltobello@ngkf.com Andy Kern＆ndash; 703-918-0218 - akern@ngkf.com 投资概况 拥有350间客房的Crowne Plaza St. Louis Airport Plaza酒店的地理位置优越，距离Lambert-St仅有1.7英里，而且临近路易斯国际机场（STL），它就在充满活力的北县/机场市场。提供全方位服务，九层高档物业，配备内部走廊，包括一个八层中庭；它提供183间单人间，148间双人间，15间无障碍单人间和4个带阳台的单人客房。
Investment Highlights Expanding Local Economy Airport submarket dominated by strong multi-national corporate demand. On-going redevelopment adjacent to Hotel, the Crossings at Northwest, enhancing the trade area. Up-Branding & Re-Positioning Available Occupancy and ADR will be enhanced with a re-branding to a Premium Upscale brand. IHG desires to retain the Crowne Plaza brand and would like to discuss deal structures with interested bidders. Target additional Group demand and drive operational efficiency by creating Junior Ballroom space within Cloud’s Restaurant or TGI Friday’s® space. Excellent Condition A $9.5 million change-of-ownership PIP was completed in 2013. Additional systems upgrades and replacements ($2.0 million) including the main roof, all heating and domestic hot water boilers, and most RTUs have been replaced since 2013. Total capital expenditures of $11.5 million since 2013, or $32,857/key. Unencumbered by Management and Debt. Property Tour and Contact Detail Information: Property tours will be scheduled in advance on the following dates: February 22, 23, March 1, 2, March 15, 16 Please Do Not Contact the Property Directly. Please contact David Altobello or Andy Kern to schedule a property tour. David Altobello – 703-424-8183 - daltobello@ngkf.com Andy Kern – 703-918-0218 - akern@ngkf.com Investment Overview The 350-room Crowne Plaza St. Louis Airport Plaza is ideally located just 1.7 miles from Lambert-St. Louis International Airport (STL) in the vibrant North County/Airport market. The full-service, upscale Property has nine floors with interior corridors, including a dramatic eight-story atrium; it offers 183 Single King, 148 Double-Doubles, 15 Single King Handicap Accessible, and four Single King with balcony guestrooms. The Hotel provides +/- 13,000 SF of flexible space including the 6,900-SF Gateway Ballroom. The Hotel also includes the 254-seat TGI Friday’s® Restaurant, 94-seat Cloud’s Restaurant and 30-seat Atrium Bar. Additional facilities and amenities include an indoor pool, fitness center, business center, and Market Pantry. This trade area contains a large concentration of blue-chip corporations in growing industries including Aerospace and Defense (Boeing-Defense, Space & Security and Commercial Divisions, GKN Aerospace), Argo/Bio-Tech and Pharmaceuticals (Express Scripts, Mallinckrodt Pharmaceuticals, 39 North Bio-Science District/Monsanto), and Manufacturing (Emerson Electric, Hussmann/Panasonic). These stable demand sources compliment additional demand generated by the airport and local users. The Hotel’s immediate neighborhood along I-70 and Lindbergh Boulevard (US-67) is an established hospitality node minutes from the airport and offers numerous support amenities. The Crossings at Northwest, a 41-acre, $106 million redevelopment project underway across Lindbergh Boulevard from the Crowne Plaza, exemplifies the strength of the Hotel’s location. This mixed-use project has already secured an impressive collection of office and retail tenants, with exciting new announcements expected in 2017. Converting the Hotel to one of several Premium Upscale brands will enhance the demand captured by the Hotel, strengthen the Revenue Management potential, and drive additional cash flow. The Crowne Plaza license can be terminated upon sale, at the buyer’s expense. Potential brands include Doubletree by Hilton, Delta by Marriott, Sheraton, and Hyatt Hotel. A Doubletree PIP is available for review. Alternatively, IHG is extremely interested in maintaining the Crowne Plaza brand on the Hotel. Senior IHG executives are available to discuss possible deal structures with prospective bidders. To support the Crowne Plaza branding, a Change-of-Ownership PIP is available for review. Additionally, the owner has the right to terminate the TGI Friday’s® franchise, which would provide the opportunity to reconfigure the existing space allocated to Food & Beverage by eliminating redundant F&B outlets and repurposing either F&B outlet space to an additional Ballroom. This reconfiguration will increase the ability to service larger and/or multiple events simultaneously and reduce the cost of operating multiple kitchens, as the TGI Friday’s® franchise agreement requires Cloud’s to serve breakfast from a separate kitchen. The Crowne is generating almost $12.5 million in Total Revenue and completed an extensive $9.5 million renovation in spring 2013 to meet brand requirements. Additional capital (+/- $2.0 million) was invested during 2014 through 2016 to upgrade and/or replace operating systems including HSIA, HVAC units, laundry equipment, service elevator, phone system, and much more. This property will be auctioned on Monday, March 27 - Wednesday, March 29 . The price displayed is the starting bid amount of $3,750,000. For information and to register to bid on this property, please visit Ten-X.com.
