Hotel Indigo Saint Louis

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  • Location: 501 Olive Street, Saint Louis, MO 63101

  • Project Type: Adaptive Reuse - Historic

  • Keys: 88

  • Project Cost: $20MM

  • As-Completed Appraisal: $23MM

  • Role:  ViaNova again played the role of a pure developer for this project. ViaNova also led the effort to secure debt financing on behalf of the sole investor. Debt  was provided locally by Saint Louis Bank. In addition to debt financing, state and federal tax credits were also secured to complete the capital stack. PACE equity funding and property tax abatements were also part of the capital stack for the investor. 

  • Other Details: 501 Olive Street, also known as the LaSalle Building started construction in 1908 and construction was completed in 1914.

 

      The building served many purposes. ViaNova         Development purchased the LaSalle Building         and combined it with the 3 story XXXX building       adjacent to it to create the Hotel Indigo Saint           Louis. This boutique hotel is located only 2             blocks from the iconic Saint Louis Arch, which         was designed by the renown architect Eero             Saarinen. As a tribute to the Finnish                         designer, much of the furniture featured in the         hotel includes some of Saarinen's most iconic         designs including "Womb Chairs" and the               "Tulip Chairs." The hotel features two food and         beverage outlets including the lobby bar and         restaurant, "The Switch List." The rooftop                 features an indoor/outdoor cocktail bar that is a       tribute to the 50's cocktail party and Saarinen         himself with the namesake "Eero's                           Penthouse."  

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