Flagged Hotel with Real Estate for Sale 25 min from Chicago Downtown
Business Description
A very strong and rare pro-forma deal opportunity in Chicago Area to own a fully remodeled strong branded hotel with no pip. Everything was gut down remodeled along with new roof. The str report shows phenomenal results with high adr and occupancy in the market. The comp set has a consistent high rev-par which make this a unique opportunity with high demand.
Interested Parties has to show proof of funds before getting further details. Thanks
Interested Parties has to show proof of funds before getting further details. Thanks
About the Business
- Employees
- 9 (5 Full-time, 4 Part-time)
- Franchise
- This business is an established franchise
- Facilities & Assets
- GUT DOWN RENOVATION was done and there’s ZERO PIP needed. Brand new 76 rooms remodeled strong brand hotel with a lot business in the market. Brand New Roof also placed.
This is perfect opportunity for owner operator to just sit back and run. - Market Outlook / Competition
- Located right at the Exit of I-80/294. Very Busy area with brand new gas station coming across.
There’s a lot of business in the area and demand is very high with limited supply. STR report shows phenomenal results with strong ADR and occupancies. - Opportunities for Growth
- The brand new casino opened up close by that is an added demand generator. The area itself is very busy due to the highway and close to Chicago. A lot of other developments are happening nearby.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- The owner is retiring and moving out of state.
- Transition Support
- 2 weeks training will be provided upon request.
Listing Info
- ID
- 2435203
- Listing Views
- 30
Listing ID: 2435203 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleIllinois Businesses for SaleIllinois Entertainment & Leisure Businesses for SaleIllinois Hotels & Motels Businesses for Sale
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