AC Hotel Chesterfield

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

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