CHICAGO — The St. Louis convention center hotel complex will continue to struggle financially for the first half of the year, according to the hotels’ general manager — raising questions over the project’s ability to generate enough revenue to cover debt service payments owed on $98 million of senior-lien revenue bonds.

The hotels are expected to generate cash flow of about $5.6 million for the full year, according to Robert Bray, general manager of the hotels run by Marriott Corp., who participated on a conference call hosted by the bond trustee for bondholders last week.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.