
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 |
© Copyright Great Lakes Capital.
16493 Wild Horse Creek Road, Chesterfield, MO 63017