Holiday Inn Express on Lindell
Lodging One Hospitality, a hotel owner and operator from Frisco, Texas, has bought the Holiday Inn Express in the Central West End for $11.6 million.
Lodging One Hospitality bought the 127-unit hotel, located at 4630 Lindell Blvd., from the Garrison Investment Group, in a deal that closed in April. Paramount Lodging Advisors helped broker the deal.
The hotel is situated next door to The Orion apartment building, which has a Whole Foods on the ground level. The Orion was recently acquired for a Canadian real estate firm for $80 million in the largest apartment transaction in St. Louis history.
The Holiday Inn property has an appraised value of $7 million, according to city records.
Lodging One Hospitality owns and operates a number of other hotel properties across the Midwest, including the Camden on the Lake Resort in Lake of the Ozarks and a number of Holiday Inns. The Holiday Inn Express in the Central West End is the first hotel for Lodging One Hospitality in the St. Louis market.