LodgingIndex - Property for Sale in Illinois
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Location: Western IL
Number of Units: 58
Year Constructed: 1991
# of Stories: 3
Chain Affiliated ? : Yes
Cost to Transfer Franchise: per franchisor
Property Rating : 3.5/5.0 (TripAdvisor)
$ 2,700,000now $ 2,200,000
Gross Rooms Revenue: $ 755,000 in 2019
Gross F&B Revenue: N/A
Other Revenue: N/A
Annual Property Taxes: $ 42,500
Annual Insurance Costs: $ 13,500
Seller/Private Financing Available ?: No
Other Information: This super-clean franchised hotel property is located on an interstate highway in Western Illinois. There are numerous demand generators nearby; corporate, historical attractions, a popular casino and more, driving year-round business. The above revenue figures are for 2019, so far 2020 is trending nicely, up 18% vs. 2019! The property is built on a spacious 3.1 acre lot, and has accommodations for a "owners quarters" or residence for an on-site manager. The current owners are eager to sell, welcome your inquiry, and will provide additional financial detail to facilitate a quick sale.Recent Renovations Include:
To learn more about this property, submit an inquiry below!
Lobby and Public Spaces were completely renovated 2017/2018
Interested in this property?If you would like to obtain more information about this property-for-sale, please submit an inquiry below. Upon receipt of this, the property owner will be notified of your inquiry, and you will receive a subsequent email, sent to the Email address you specify below, from LodgingIndex regarding this property. Thereafter, discussions can start directly between you and the property owner. In order to receive additional information, please make sure that you complete the form below and include an accurate, valid EMail address! By submitting the form below, the inquirer agrees that all subsequent information obtained as a result of this inquiry is strictly confidential and is not to be disclosed to or shared with any outside parties. Please refer any additional interested purchasers directly to www.lodgingindex.com. Submit your inquiry here:
All of the above information was obtained from seller of the property and is deemed reliable, but not guaranteed.
LodgingIndex and its representatives assume no liability. All information should be verified by the prospective buyer.
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are not licensed real estate agents or brokers, and do not provide any services in that capacity.