Purchase Signals Beginning of Major Renovations to Building’s Exterior, Interior
Denver – July 19, 2018 – Silverwest Hotels LLC (Silverwest), a Denver-based hospitality investment and management company, today announced the acquisition of the Sheraton Clayton Plaza Hotel in the St. Louis suburb of Clayton, Missouri. The purchase expands the company’s holdings to properties in five states and signals the beginning of major renovations for the hotel.
“We’re very pleased to be acquiring The Sheraton Clayton Plaza Hotel and adding it to our growing portfolio of hotels and destinations,” said Edward Mace, co-founder and C.E.O. of Silverwest. “We look forward to implementing a plan that will substantially enhance the hotel’s appeal and the guest experience. The transition in ownership will be seamless for the guests. In the next few months we will be announcing the changes we’ll be bringing to the property,” he added.
Silverwest is planning to begin renovations in the fall of 2018 including enhancements to the 259-room hotel’s exterior. All guest rooms and public areas will also be completely redesigned and renovated. An affiliate of Aimbridge Hospitality will continue to operate and manage the property. All reservations for guests, group meetings, weddings and catering clients will remain intact.
Silverwest has an experienced management team that has successfully renovated other comparable properties in the U.S. including hotels under various Marriott and Hilton brands. The company currently owns hotels in Texas, Iowa, Hawaii and the Rocky Mountain region, including Denver.
Located just seven miles from downtown St. Louis, Clayton is the county seat and home to some of the most exclusive retail and office space in the city. The St. Louis Galleria Mall, Washington University, and the headquarters of several Fortune 500 companies are located nearby. The 259-room Sheraton Clayton Plaza Hotel St. Louis is in the heart of the 5.5 million-square-foot Downtown Clayton office market. The property features a full-service restaurant and lobby lounge, 18,000 square feet of flexible venue space, a fitness center, indoor pool, and business center.