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JV Acquires Renaissance Airport Hotel

ST. LOUIS-RockBridge Capital, LLC and Davidson Hotel Co. purchase the 393-room Renaissance St. Louis Airport Hotel.

By Dana Dubriwny | Updated on June 19, 2006

ST. LOUIS-A joint venture between Columbus, OH-based RockBridge Capital, LLC and Memphis-based Davidson Hotel Co. has purchased the 393-room Renaissance St. Louis Airport Hotel from an affiliate of Marriott International.

The guest rooms and other public areas recently were upgraded in a $4-million renovation program; however property operator Davidson Hotel Co. will oversee an additional $6-million refurbishment under the new ownership. The 12-story hotel, located at 9801 Natural Bridge Rd., includes 32 meeting rooms, a 11,400-sf Grand Concourse Ballroom, and the Renaissance and Penthouse ballrooms located on the hotel’s top floor.

Patrick Lupsha, executive vice president and COO with Davidson, tells GlobeSt.com that although the company serves as property manager, it is also a sliver equity partner taking anywhere from 1% to 10% interest in JV-acquired properties. Lupsha declined from disclosing the firm’s interest in the St. Louis property, and could not reveal the acquisition price.

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