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