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Chase Park Plaza Hotel to be sold

March 29, 2017

Chase Park Plaza Hotel to be sold

March 23, 2017 | by 

The iconic Chase Park Plaza in St. Louis’ Central West End could soon be under new ownership.

The Dallas real estate investment trust that owns the hotel, Behringer Harvard Opportunity REIT I Inc., agreed last week to sell the property to a Boston company for $94 million, according to a Securities and Exchange Commission filing.

Hospitality Properties Trust, based in the Boston area, put a $6 million deposit on the property. The deal is still subject to an inspection period and other due diligence but could close in the second quarter, Behringer said in the filing.

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Steve Siepak
Blue Vault session at the recent National Planning Holdings National Conference
September 13, 2017

The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.