IE Group LLC

The best in Real Estate Cloud Funding

Text Box: Six Points Grand

Convert a YMCA building to a 5 star hotel

Center of community activity

Access to the building by city employees and local schools

Project summary

· Talks with the city are in the negotiations

Price: $6 million

   It is proposed by the IE Group, hereinafter “Group”, that the existing YMCA structure located at 2001 Edison Ave., Granite City, IL 62040, hereinafter “project”, can be converted to a 50 deluxe suite 5-star hotel. This would utilize much of the existing amenities with considerable redecoration of many of the existing rooms. The project would include a redesigned formal entrance with an elevator, opening to the concierge station. The hotel’s grand foyer will have access to a business center, main meeting rooms and breakout rooms. Many of the upper rooms will be combined to create suite configurations. The main meeting room will resemble plush theatre seating with state of the art audio and video. The pool, Jacuzzi, sauna, and handball courts will be restored and updated. The roof will undergo a major renovation to house a winter ice skating ring and a summer concert center.  On the main floor, with a separate entrance, will be the 5-star restaurant. The project will also replace the existing nearby small parking lot currently used by the City with a 3 level parking garage.

   Our local market research, verified by the Clayton Chamber of Commerce, found only 3 5-star hotels in the St. Louis area – the 4 Seasons in downtown St. Louis, the Chase Park Plaza in the Central West End section of St. Louis and the Ritz Carlton in Clayton. The Chase is the least expensive, with their low end suites fetching up to $279/night and their most expensive, a 2 bedroom, 2 bathroom suite with no kitchen facilities at all beyond a refrigerator. They have nothing that approaches a Presidential Suite, and, in fact, do NOT truly sound like a Luxury Hotel – though we have not yet been there. The 4 Seasons is the most expensive, with their least expensive suite starting at $595/night and going up to $1,000/night, and a “luxury” suite that starts at $845/night and can go all the way up to $3,500/night. Please note – these prices were provided by the hotels themselves.

   The Six Points Grand Hotel will cater to local industry but because of the unique sport centric amenities it will be a destination hotel. With the ability to have a suite that is adjacent to a handball court, to spend Christmas in wonderful surroundings, with the opportunity to go ice skating on the roof and with an incredible menu and stocked wine list, a guest will be pampered  the way only a true 5-star resort can deliver. 

Status

The reimagined  Six Points Grand Hotel

To contact us:

Phone: 866-986-9933 ext.1

Fax: 626-609-2022

E-mail: financial_planner@great-insurance.org