AC Hotel Chesterfield

16493 Wild Horse Creek Road
Chesterfield, MO 63017

Great Lakes Capital and Schahet Hotels, LLC are partnering to develop a high-end hotel project in Chesterfield, MO as the 2nd phase of a mixed-use campus consisting of luxury multi-family, Ruth's Chris restaurant, and retail along I-64. As the Chesterfield Valley area develops further with other mixed-use projects, it will prove to be one of the regions most desirable locations for business as well as leisure activities.

 

Investment Structure
Capitalization		$29MM
LTL Debt with Commitment in hand		70%
Total Equity		$9MM
GP Equity		$3MM
LP Equity		$6MM
Preferred Return		8%
Promote after Return of Capital		20%
Completed Project Summary
Total Project Costs		$29MM
Segment		Hospitality
Building Size		128 guest rooms, 3820+ sf meeting/event space, and hotel amenity space
Demographics—Chesterfield		3 mi radius	5 mi radius
Ppulation		35,948	103,733
Median Household Income		$114,462	$107,490
Median Home Value		$391,006	$350,883
Buying Power		$2.2B	$4.9B