Innkeeper Hospitality Services fbo Hotel Blackhawk | Application Preview
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General Information
Business Registration Number: 27-2503510
Location: St. Louis, MO, United States
Length of Operation: 9.5 years
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Because of the COVID-19 pandemic, we have reduced our staff to around 22 FTEs. Of those 22 FTE, most took salary reductions. We would largely use the funding to keep people working and bring them back to work. In addition, during the pandemic we have a program in which we are preparing free meals for furloughed associates and their families daily. We would like to continue this program.
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Business Plan
We would like to be able to have a full work staff, back to the 92 FTE number. We have also made several capital improvements over the last year prior to the pandemic i.e. new furniture, new wifi, and building repairs. The property has the potential to do well beyond 8 million in revenue a year with our continued tradition of hospitality and supporting local vendors. The COVID-19 pandemic has greatly impacted our business. The property has been a part of Davenport for over 100 years. We restored this landmark in 2010 and brought it back to its former glory. This hotel is part of the community and the downtown has flourished because of its transformation.
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Self Identified Competition
Hilton Garden Inn - Bettendorf, IA The Element - Moline, IL The Isle of Capri, Bettendorf, IA We are part of the Autograph Collection with Marriott. We have community history and engagement. We are a historic property that brings out old world charm with modern amenities.
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Contact Applicant
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