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Hotel-Motel

Motel 6 | Studio 6 Hotel Rockford

4850 E State St, Rockford, IL 61108

Listing Price: $4,995,000

Cap Rate
6.07%
Number of Rooms
93
RevPAR
$29
Price/Room
$53,710
RRM
5.07
Year Built
1966

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6/Studio 6 Rockford (‘Hotel’ or ‘Property’). The G6 Hospitality-branded Hotel is offered at $4,995,000 or $53,710 per key. The dual-branded, 93-room, interior-corridor Hotel is established at 4850 East State Street, near the busy intersection of South Alpine Road and East State Street. The Property is approximately 24,000 square feet across three floors and maintains amenities including guest laundry facilities and vending machines. Rockford, Illinois is a city located in Winnebago County in the northern region of the state, 80 miles northwest of Chicago. The dual-branded Hotel is superbly positioned in the heart of Rockford, near Business Highway 20 and Interstate 39. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include manufacturing, health care, and retail trade. Rockford Health System (5.2 miles) and St. Anthony’s Medical Center (1.6 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include UTC Aerospace Systems (4.8 miles) and Anderson Packaging (6.9 miles). Revenue generators in the area, like Rockford Casino (3.2 miles), Forest Plaza (1.7 miles), and Hurricane Harbor Rockford (4.6 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Anderson Japanese Gardens (3.5 miles) and Chicago Rockford International Airport (8.1 miles). The Motel 6/Studio 6 Rockford provides guests with both limited-service and extended-stay options, essentially monopolizing the economy sector of hospitality. The Hotel recorded room revenues just under $1 million in 2021 and maintained a healthy net-operating income cash flow of over $303 thousand, or 30.8 percent as a percentage of gross revenues. Expenses include provisions for a 4 percent capital replacement reserve.

Investment Highlights

  • 93-Room, Interior-Corridor, Motel 6/Studio 6 Dual-Branded Hotel
  • Located 75 Miles from Madison, Wisconsin and Chicago, Illinois
  • Priced Below Replacement Cost at $53,710 per Key
  • Minutes Away from Demand Generators such as Rockford Casino and Chicago Rockford International Airport
  • Opportunity to Gain Limited-Service and Extended-Stay Hotel Servicing the Economy Sector

Exclusively Listed By

Hotel-Motel

Motel 6 | Studio 6 Hotel Rockford

Listing Price: $4,995,000

Cap Rate
6.07%
Number of Rooms
93
RevPAR
$29
Price/Room
$53,710
RRM
5.07
Year Built
1966

Investment Highlights

  • 93-Room, Interior-Corridor, Motel 6/Studio 6 Dual-Branded Hotel
  • Located 75 Miles from Madison, Wisconsin and Chicago, Illinois
  • Priced Below Replacement Cost at $53,710 per Key
  • Minutes Away from Demand Generators such as Rockford Casino and Chicago Rockford International Airport
  • Opportunity to Gain Limited-Service and Extended-Stay Hotel Servicing the Economy Sector

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6/Studio 6 Rockford (‘Hotel’ or ‘Property’). The G6 Hospitality-branded Hotel is offered at $4,995,000 or $53,710 per key. The dual-branded, 93-room, interior-corridor Hotel is established at 4850 East State Street, near the busy intersection of South Alpine Road and East State Street. The Property is approximately 24,000 square feet across three floors and maintains amenities including guest laundry facilities and vending machines. Rockford, Illinois is a city located in Winnebago County in the northern region of the state, 80 miles northwest of Chicago. The dual-branded Hotel is superbly positioned in the heart of Rockford, near Business Highway 20 and Interstate 39. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include manufacturing, health care, and retail trade. Rockford Health System (5.2 miles) and St. Anthony’s Medical Center (1.6 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include UTC Aerospace Systems (4.8 miles) and Anderson Packaging (6.9 miles). Revenue generators in the area, like Rockford Casino (3.2 miles), Forest Plaza (1.7 miles), and Hurricane Harbor Rockford (4.6 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Anderson Japanese Gardens (3.5 miles) and Chicago Rockford International Airport (8.1 miles). The Motel 6/Studio 6 Rockford provides guests with both limited-service and extended-stay options, essentially monopolizing the economy sector of hospitality. The Hotel recorded room revenues just under $1 million in 2021 and maintained a healthy net-operating income cash flow of over $303 thousand, or 30.8 percent as a percentage of gross revenues. Expenses include provisions for a 4 percent capital replacement reserve.

Exclusively Listed By

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