CHESTERFIELD, MO/March 14, 2017 (STLRealEstate.News) This spring, a Marriott TownePlace Suites is slated to open in a new location in Chesterfield’s Blue Valley development. The 112-room all-suite hotel will be located near the St. Louis Premium Outlets, south of Interstate 40/64 near Chesterfield Airport Road. The hotel will be on Blue Valley Avenue between Brasher Street and Premium Way.
The new TownePlace Suites is in the heart of recently-opened retail outlets such as a 60,000 square foot Gander Mountain, a 55,000 square foot Burlington store and a 20,000 square foot Cavender’s Boot City.
Hotel amenities include an indoor swimming pool, large meeting spaces and extended stay options for travelers or recent transplants to the St. Louis area. Guest suites accommodate up to six guests and include studio, one bedroom and two-bedroom floor plans.
Extended stay hotels are a highly profitable segment of the hospitality market and nearly all hotel chains are expanding into construction of all-suite hotels.
So far, St. Louis has two other TownePlace Suites locations in Fenton and St. Charles. Construction of Marriott TownePlace Suites is booming nationwide, with 300 hotels opening this year, and a projected 500 new hotels by 2020.
Silverstone Hotel LLC has a franchise agreement with Marriott to construct the Chesterfield TownePlace Suites. Silverstone is owned by KMG Hotels based in Kansas City and operates and manages seven properties including Hampton Inns, Holiday Inns and Candlewood Suites.
The Blue Valley Development will grow to approximately 600,000 square feet of space with the opening of the new hotel. The project is zoned for 1.4 million square feet altogether.