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The hotel was renamed the Renaissance St. Louis Grand Hotel. The hotel was foreclosed on by its bondholders in 2009, after it failed to generate enough revenue to cover interest payments. [ 7 ] The hotel was sold in 2014 to Haberhill Inc. and was renovated from November 2014 to August 2015 at a cost of $30 million.
The new owners announced plans to convert the enormous building to a combination of 239 apartments, a 198-room AC by Marriott hotel, and 20,000 sq ft of retail. [12] In February 2021, Alterra paid over $100,000 in back taxes owed on the property, clearing the way for $17.3 million in financing from the city of St. Louis.
The hotel was designed as a tri-part structure, including a base, shaft, and capital, and is divided by the use of white terracotta. [3] Following major renovations over the course of 2018 and 2019, the hotel is planned to debut in August 2020 as Le Méridien St. Louis Downtown. [4]
The Marriott acquisition did not include the Stouffer Hotels brand. The Ramada International brand was included in the acquisition. [10] Renaissance Hotel Group N.V. operated and franchised 150 hotels with 35 based in the United States. Marriott had 1,035 hotels based in the U.S. and 75 additional hotels operating outside of the U.S.
St. Louis, Missouri, United States: The Marriott St. Louis Grand Hotel was originally a Statler Hotel acquired by Hilton in 1954, but it left the chain in 1966. It reopened as a Renaissance (also owned by Marriott) in 2002, but it closed in 2009 after its owners failed to repay interest payments to bondholders. Following renovations, it ...
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