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Downtown STL hotel sale falls through

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The sale of a hotel in downtown St. Louis has fallen through, according to the St. Louis Business Journal.

Hotel Indigo was set to be sold for $4 million after a July 2024 auction. Allen Yadgari, founder and CEO of Beverly Hills, California-based Skyline Real Estate, won the bidding, but he reportedly did not have the funds to finalize the sale.

The hotel is expected to be marketed again for a new buyer.

Read more from the St. Louis Business Journal.

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