I know Drury doesn't franchise and the Pear Tree brand seems to be going away for them.dbInSouthCity wrote: ↑6:32 PM - Apr 18It sold, reopening as another brand
https://www.bizjournals.com/stlouis/new ... louis.html
$81 million redevelopment of the Edison Brothers building at 400 S 14th St is underway, planned opening in Fall of 2027.
The lower floors of the building will become a 248-room Sheraton Hotel and two restaurants. One restaurant will be run by Sheraton while the other is up for lease.
The redevelopment has a 10 year-75% property tax abatement.
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$81 million redevelopment of the Edison Brothers building at 400 S 14th St is underway, planned opening in Fall of 2027.
The lower floors of the building will become a 248-room Sheraton Hotel and two restaurants. One restaurant will be run by Sheraton while the other is up for lease.
The redevelopment has a 10 year-75% property tax abatement.
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I wonder which spot they're trying to farm out? The former sports bar on the NW corner or the other bar/restaurant in the lobby area?StlAlex wrote: ↑10:11 PM - Apr 29https://www.bizjournals.com/stlouis/new ... louis.html
$81 million redevelopment of the Edison Brothers building at 400 S 14th St is underway, planned opening in Fall of 2027.
The lower floors of the building will become a 248-room Sheraton Hotel and two restaurants. One restaurant will be run by Sheraton while the other is up for lease.
The redevelopment has a 10 year-75% property tax abatement.
NW cornerdweebe wrote:I wonder which spot they're trying to farm out? The former sports bar on the NW corner or the other bar/restaurant in the lobby area?StlAlex wrote: ↑10:11 PM - Apr 29https://www.bizjournals.com/stlouis/new ... louis.html
$81 million redevelopment of the Edison Brothers building at 400 S 14th St is underway, planned opening in Fall of 2027.
The lower floors of the building will become a 248-room Sheraton Hotel and two restaurants. One restaurant will be run by Sheraton while the other is up for lease.
The redevelopment has a 10 year-75% property tax abatement.
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Great News. This was a Sheraton Hotel when it first was completed / renovated years back.
Good to see the Sheraton Brand back in downtown STL. The brand was dropped from the Clayton Hotel and only has presence in the metro with TWO hotels in West Port Plaza.
Good to see the Sheraton Brand back in downtown STL. The brand was dropped from the Clayton Hotel and only has presence in the metro with TWO hotels in West Port Plaza.
https://www.bizjournals.com/stlouis/new ... eiver.html
Westin goes into receivership after ownership defaulted on its loan, owes more than $35.7 million on a $35 million loan from 2019.
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Westin goes into receivership after ownership defaulted on its loan, owes more than $35.7 million on a $35 million loan from 2019.
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In classic BJ style.. they start the article off with "Downtown STL has struggled since Covid..."StlAlex wrote: ↑7:11 PM - Apr 30https://www.bizjournals.com/stlouis/new ... eiver.html
Westin goes into receivership after ownership defaulted on its loan, owes more than $35.7 million on a $35 million loan from 2019.
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But that has really nothing to do with the rest of the article. The ownership is the problem. Downtown last year, including the Westin, had one of the best occupancy and profitable years since Covid. In fact in BJs own words... "Downtown St. Louis hotel occupancy surges 8.4% in 2025 as convention business drives growth."
So sick of BJs BS rhetoric.
The article also says hotel tax receipts are down 5.8% in FY26 vs FY25. 2019 was also an unfortunate year to take out a $35M loan for a hotel that probably generates a decent chunk of revenue off of baseball traffic.
You have to assume they basically just lost money in 2020 and 2021, maybe had a good year in 2022, and then Cardinals attendance plummeted in 2023-2025. Combined with convention traffic being mediocre up until 2025. I'm sure they could have managed better but it's not like they've gotten a good hand to play.
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You have to assume they basically just lost money in 2020 and 2021, maybe had a good year in 2022, and then Cardinals attendance plummeted in 2023-2025. Combined with convention traffic being mediocre up until 2025. I'm sure they could have managed better but it's not like they've gotten a good hand to play.
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The really do hate downtown. Plus they do it for the clicks.matguy70 wrote: ↑4:45 AM - May 01In classic BJ style.. they start the article off with "Downtown STL has struggled since Covid..."StlAlex wrote: ↑7:11 PM - Apr 30https://www.bizjournals.com/stlouis/new ... eiver.html
Westin goes into receivership after ownership defaulted on its loan, owes more than $35.7 million on a $35 million loan from 2019.
Sent from my SM-S936U using Tapatalk
But that has really nothing to do with the rest of the article. The ownership is the problem. Downtown last year, including the Westin, had one of the best occupancy and profitable years since Covid. In fact in BJs own words... "Downtown St. Louis hotel occupancy surges 8.4% in 2025 as convention business drives growth."
So sick of BJs BS rhetoric.
Plus I'm sure the Live! by Lowes opening didn't help the Westin.
In addition the Westin brand seems to have lost it's aura. It's not just a St. Louis thing. Look at LeBron James' comments about the Westin in Memphis being a dump and that's why the Grizzlies should more to Nashville. https://www.usatoday.com/story/sports/n ... 396848007/
Ofc a millionaire thinks a 4-star hotel is a dump lmao.dweebe wrote:The really do hate downtown. Plus they do it for the clicks.matguy70 wrote: ↑4:45 AM - May 01In classic BJ style.. they start the article off with "Downtown STL has struggled since Covid..."StlAlex wrote: ↑7:11 PM - Apr 30https://www.bizjournals.com/stlouis/new ... eiver.html
Westin goes into receivership after ownership defaulted on its loan, owes more than $35.7 million on a $35 million loan from 2019.
Sent from my SM-S936U using Tapatalk
But that has really nothing to do with the rest of the article. The ownership is the problem. Downtown last year, including the Westin, had one of the best occupancy and profitable years since Covid. In fact in BJs own words... "Downtown St. Louis hotel occupancy surges 8.4% in 2025 as convention business drives growth."
So sick of BJs BS rhetoric.
Plus I'm sure the Live! by Lowes opening didn't help the Westin.
In addition the Westin brand seems to have lost it's aura. It's not just a St. Louis thing. Look at LeBron James' comments about the Westin in Memphis being a dump and that's why the Grizzlies should more to Nashville. https://www.usatoday.com/story/sports/n ... 396848007/
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^^I travel a lot and all hotels of the same rating - or even same brand for that matter - are not created equal. Most are owned by a hospitality group and badged. It is quite possible that Memphis’ Westin is in need of some investment to keep it on the level of comps in other cities that NBA teams use.
Is a hotel in need of a renovation a reason to move a franchise? Hardly. Then again it is likely interpreted as a microcosm of the overall economic conditions and outlook of Memphis.
Is a hotel in need of a renovation a reason to move a franchise? Hardly. Then again it is likely interpreted as a microcosm of the overall economic conditions and outlook of Memphis.
What was REVPAR and ADR? Occupancy could be 100% if ADR was $10matguy70 wrote:In classic BJ style.. they start the article off with "Downtown STL has struggled since Covid..."StlAlex wrote: ↑7:11 PM - Apr 30https://www.bizjournals.com/stlouis/new ... eiver.html
Westin goes into receivership after ownership defaulted on its loan, owes more than $35.7 million on a $35 million loan from 2019.
Sent from my SM-S936U using Tapatalk
But that has really nothing to do with the rest of the article. The ownership is the problem. Downtown last year, including the Westin, had one of the best occupancy and profitable years since Covid. In fact in BJs own words... "Downtown St. Louis hotel occupancy surges 8.4% in 2025 as convention business drives growth."
So sick of BJs BS rhetoric.
IMHO all of the former Starwood brands that Marriott acquired lost their luster. There at least new ones being built. Sheraton is like completely dead.dweebe wrote:The really do hate downtown. Plus they do it for the clicks.matguy70 wrote: ↑4:45 AM - May 01In classic BJ style.. they start the article off with "Downtown STL has struggled since Covid..."StlAlex wrote: ↑7:11 PM - Apr 30https://www.bizjournals.com/stlouis/new ... eiver.html
Westin goes into receivership after ownership defaulted on its loan, owes more than $35.7 million on a $35 million loan from 2019.
Sent from my SM-S936U using Tapatalk
But that has really nothing to do with the rest of the article. The ownership is the problem. Downtown last year, including the Westin, had one of the best occupancy and profitable years since Covid. In fact in BJs own words... "Downtown St. Louis hotel occupancy surges 8.4% in 2025 as convention business drives growth."
So sick of BJs BS rhetoric.
Plus I'm sure the Live! by Lowes opening didn't help the Westin.
In addition the Westin brand seems to have lost it's aura. It's not just a St. Louis thing. Look at LeBron James' comments about the Westin in Memphis being a dump and that's why the Grizzlies should more to Nashville. https://www.usatoday.com/story/sports/n ... 396848007/
The Sheraton Tower in Westport just received a huge million dollar makeover and looks great. I think Marriott is throwing some weight to the Sharaton brand again.
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Through April YoY, RoomRev
Union Station +20.8%
BPV Hilton +14.8%
Remember, we led the nation in growth last year
Union Station +20.8%
BPV Hilton +14.8%
Remember, we led the nation in growth last year
After having one of if not the worst 2024s. Looks like STL outpacing KC thus far but both have margin compression issues.dbInSouthCity wrote:Through April YoY, RoomRev
Union Station +20.8%
BPV Hilton +14.8%
Remember, we led the nation in growth last year
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