
Also I would include the former YMCA building on your construction list, they started on that bad boy fast
I never said this was a statistical analysis. I was having fun looking at hotel room prices on Google Maps, that's all.Black02AltimaSE wrote: ^Hotel prices this coming weekend aren't exactly a statistical baseline with the Stanley Cup finals in town.
The title is a bit misleading. It just talks about the new features of the hotel, the pizza place at 8th and Clark, along with the new hotel rooms. It’s a story along the lines of “the renovation is done. Here’s what’s new”.dredger wrote:Biz journals with article on downtown Westin rehab @ $11 million. Behind paywall so not sure if any good tidbits on the side.
https://www.bizjournals.com/stlouis/new ... s_headline
The second link was basically just a run down of this new hotel in Milwaukee. Not to much to note, just how Drury has long wanted to enter that market and found a nice fit with this building. One thing I did take away was this little tidbit, "The company also is its own lead contractor, and manufactures the furniture for its hotels." I knew Drury was it's own lead contractor, but I had no idea they manufactured all the furniture for their hotels.dredger wrote: I don't have full access behind pay wall but Biz Journals with a couple of hotel related articles. First, can someone share some tidbits on the respective articles.
Second, any thoughts on if, or when Drury might pull trigger on Laclede's Landing or is that just plain wishful thinking until we go through another downturn/upturn cycle?
https://www.bizjournals.com/stlouis/new ... s_headline
https://www.bizjournals.com/stlouis/new ... s_headline
Thanks, some interesting info. It looks like some room to grow more rooms in the city and help out on the tax revenue side when comparing peer cities.sc4mayor wrote:The second link was basically just a run down of this new hotel in Milwaukee. Not to much to note, just how Drury has long wanted to enter that market and found a nice fit with this building. One thing I did take away was this little tidbit, "The company also is its own lead contractor, and manufactures the furniture for its hotels." I knew Drury was it's own lead contractor, but I had no idea they manufactured all the furniture for their hotels.dredger wrote: I don't have full access behind pay wall but Biz Journals with a couple of hotel related articles. First, can someone share some tidbits on the respective articles.
Second, any thoughts on if, or when Drury might pull trigger on Laclede's Landing or is that just plain wishful thinking until we go through another downturn/upturn cycle?
https://www.bizjournals.com/stlouis/new ... s_headline
https://www.bizjournals.com/stlouis/new ... s_headline
The first link is a fairly long read, compared to your average Business Journal article. But it has some interesting information.
In the last 12 months 791 new rooms have been delivered, 1,175 under construction and 13 of 16 either planned or under construction projects are within the City.
Here are a few quotes from the first link. Some of these should answer those lingering "can downtown support all this" questions.
"In 2017, hotel occupancy within city limits hit a record rate of 67.1%, according to data from commercial real estate firm CBRE — the highest it’s been since 2001 when CBRE began tracking hotel data. It comes as demand grew 16% between 2009 and 2018, but with supply far behind. And that’s before the city’s current development momentum. A collection of major projects around the city — from the National Geospatial Agency’s new western headquarters in North City to the emergence of Downtown West with a forthcoming Major League Soccer expansion franchise and the $187 million redevelopment of Union Station — are expected to further increase demand for hotel rooms in the area."
“There’s hotel construction adjacent to City Foundry, Cortex, Ballpark Village — all of these projects are making a play on the momentum,” said David Hoebbel, Cushman & Wakefield’s director of research for St. Louis. “They’re strategically placed and strategically thought of projects that will have success.”
"Between 2010 and 2018, the supply of available hotel rooms in the metro area increased by less than 1% despite a 14.6% increase in demand. That period featured the loss of the Millennium Hotel, which closed in 2014 and cut nearly 800 rooms from the city’s supply. Meanwhile, supply in Detroit grew 5.4%, Minneapolis grew 14.3% and Denver grew 22.4%, Cushman & Wakefield data shows."
AC hasn't started yet. So that's the next one to start followed by Moxy then Chemical Building in the Spring. The Jefferson Connector Hotel should be more defined next year on a timeline. After the Chemical, most likely Iron Hill will come next. MacKay project is a ways off on future phases. Municipal Courts building is up in the air, maybe it will come back. I don't know. Armory's second phase plans appear to no longer have a hotel (based on what I've seen). But you never know.dredger wrote: Thanks, some interesting info. It looks like some room to grow more rooms in the city and help out on the tax revenue side when comparing peer cities.
So who think will have the next groundbreaking? or maybe the question should be is next ground breaking after Moxy?
Moxy - front runner as per Chris follow up (I'm taking hotel in CWE on York Ave as already broken ground)
Jeff Connector? - not too far behind with NGA under construction, Jeff Ave improvements and a shiny new MLS stadium in 2022
Iron Hill? - certainly got a developable spot ready to go, incentives ready to go, and a big shiny new hospital next door
McKay - Lafayette Square development?
Armory?
Drury - where are you in all the city action?
Old Muni gets revived
So who thinks the next legit proposal will pop up at
Cupples X becomes a hotel proposal?
Foundry changes course and adds a hotel in mix?
Green Streets/Koman entertains a Sarah St/near Cortex K boutique hotel proposal
St. Louis Zoo - theme hotel at old Forest Park Hospital site is finally put out there as part of development plan
300 Broadway becomes a hotel proposal - or BPV considers phase III hotel tower?





