Hotel Indigo Saint Louis

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

  • Project Type: Adaptive Reuse - Historic

  • Keys: 88

  • Project Cost: $20MM

  • As-Completed Appraisal: $23MM

  • Projected Investor Returns: 15% Annually

  • Financing:  Debt financing 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. 

  • 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."  

1/3

© 2020 by ViaNova Development.