DENVER, Colorado; ST LOUIS, Missouri—HREC Investment Advisors introduced that it has organized the sale of the 72-guestroom Welcome Suites Hazelwood in Hazelwood, Missouri. Ishikaa A, LLC, a Cincinnati-based entity, has acquired the property.
HREC Funding Advisors solely represented Hazelwood Lodging, LLC, a Chicago-based entity, on this transaction. The advertising and marketing and negotiations had been led by Beau Mullenix, senior vice chairman and dealer on file for Missouri.
“Congratulations to purchaser, vendor, and everybody concerned to get this deal to the end line. Better of luck to our purchaser, who’s well-positioned for fulfillment within the Hazelwood submarket with the bulletins of a $7.5 billion authorities protection Boeing contract and $3 billion Lambert-St. Louis Louis Worldwide Airport “STL” modernization and consolidation challenge,” mentioned Mullenix.
As an prolonged keep property positioned adjoining to U.S. 67, the lodge affords long-term visitors entry to the better St. Louis Metropolitan Space. Higher St. Louis is a number one area for company headquarters. The St. Louis space advantages from a diversified economic system that doesn’t lean closely on any specific sector. Higher St. Louis is house to fifteen Fortune 1000 headquarters, 7 of that are Fortune 500: Centene, Emerson Electrical, Reinsurance Group of America, Edward Jones, Graybar Electrical, Olin, and Ameren.
