Chase Park Plaza Hotel to be sold

March 23, 2017 | by

The iconic Chase Park Plaza in St. Louis’ Central West End could soon be under new ownership.

The Dallas real estate investment trust that owns the hotel, Behringer Harvard Opportunity REIT I Inc., agreed last week to sell the property to a Boston company for $94 million, according to a Securities and Exchange Commission filing.

Hospitality Properties Trust, based in the Boston area, put a $6 million deposit on the property. The deal is still subject to an inspection period and other due diligence but could close in the second quarter, Behringer said in the filing.

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