Hilton St. Louis Downtown at the Arch
ST. LOUIS, MI—New York City-based MCR has sold the 195-room Hilton St. Louis Downtown at the Arch here less than two years after it acquired the property.
Hotel owner-operation MCR purchased the storied property in December 2016 from Xenia Hotels & Resorts. The sale of the hotel at 400 Olive St. closed on Sept. 6. MCR states in an announcement that the sale generated a 44% internal rate of return on its investment. No further financial terms of the transaction were reported, including the identity of the buyer of the property.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
