0 Upper Palmiste Rd StSt. Louis, MO 63101

Property Details for 0 Upper Palmiste Rd St

Lot size

10.00 AC

Property size (Sq ft)

8,500 SF

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.

Location Insight

City

St. Louis

County

St. Louis

State

Missouri

Latitude

38.6305

Longitude

-90.1928

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].