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Hotel-Motel

Holiday Inn Express & Suites Chicago West O'Hare Airport

200 S Mannheim Rd, Hillside, IL 60162

Listing Price: $14,750,000

Cap Rate
7.90%
Number of Rooms
135
RevPAR
$70
Gross SF
77,445
Price/Room
$109,259
Price/Gross SF
$190.46
Year Built
2006

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Chicago West O'Hare Airport, a five-story limited service hotel located in Hillside, a suburb west of Chicago, Illinois. The hotel's 135 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a heated indoor pool & spa, meeting space, business center, fitness center and complimentary breakfast. The property is ideally located 14 miles west of Downtown Chicago and only 8 miles south of O'Hare Airport, the fourth-busiest airport in the world. The market is host to several museums and sporting venues, including the United Center (home to NBA's Chicago Bulls) and Wrigley Field (home to MLB's Chicago Cubs), among others. Nearby attractions include Brookfield Zoo, Garfield Park, Chicago Riverwalk and Navy Pier. Chicago is also the third-largest metropolitan area in the U.S. The Chicago MSA benefits from a large, diverse employment base. There are approximately 4.6 million workers in the region, as well as 35 Fortune 500 companies based locally. The number of corporate headquarters in Chicago is second to only New York City. The largest companies located within 10 miles of the property include Advocate Aurora Health, Walmart and American Airlines. The Holiday Inn Express & Suites Chicago West O'Hare Airport represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Chicago region.

Investment Highlights

  • 4 Miles to Brookfield Zoo (~2M Visitors Per Year)
  • 8 Miles to O'Hare Airport, the 4th-Busiest Airport in the World | Currently Undergoing an $8.5B Revamp
  • Short Drive to United Center, Soldier Field, Guaranteed Rate Field, and Wrigley Field, which is Ranked the #2 MLB Park in the U.S.
  • 9 Miles to Donald E. Stephens Convention Center (~1.5M Visitors Per Year)
  • 14 Miles to 57-Acre Museum Campus (~8M Visitors Per Year)
  • Located in the Chicago MSA | 3rd-Largest MSA in the Nation | Home to 35 Fortune 500 Companies

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Hotel-Motel

Holiday Inn Express & Suites Chicago West O'Hare Airport

Listing Price: $14,750,000

Cap Rate
7.90%
Number of Rooms
135
RevPAR
$70
Gross SF
77,445
Price/Room
$109,259
Price/Gross SF
$190.46
Year Built
2006

Investment Highlights

  • 4 Miles to Brookfield Zoo (~2M Visitors Per Year)
  • 8 Miles to O'Hare Airport, the 4th-Busiest Airport in the World | Currently Undergoing an $8.5B Revamp
  • Short Drive to United Center, Soldier Field, Guaranteed Rate Field, and Wrigley Field, which is Ranked the #2 MLB Park in the U.S.
  • 9 Miles to Donald E. Stephens Convention Center (~1.5M Visitors Per Year)
  • 14 Miles to 57-Acre Museum Campus (~8M Visitors Per Year)
  • Located in the Chicago MSA | 3rd-Largest MSA in the Nation | Home to 35 Fortune 500 Companies

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Chicago West O'Hare Airport, a five-story limited service hotel located in Hillside, a suburb west of Chicago, Illinois. The hotel's 135 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a heated indoor pool & spa, meeting space, business center, fitness center and complimentary breakfast. The property is ideally located 14 miles west of Downtown Chicago and only 8 miles south of O'Hare Airport, the fourth-busiest airport in the world. The market is host to several museums and sporting venues, including the United Center (home to NBA's Chicago Bulls) and Wrigley Field (home to MLB's Chicago Cubs), among others. Nearby attractions include Brookfield Zoo, Garfield Park, Chicago Riverwalk and Navy Pier. Chicago is also the third-largest metropolitan area in the U.S. The Chicago MSA benefits from a large, diverse employment base. There are approximately 4.6 million workers in the region, as well as 35 Fortune 500 companies based locally. The number of corporate headquarters in Chicago is second to only New York City. The largest companies located within 10 miles of the property include Advocate Aurora Health, Walmart and American Airlines. The Holiday Inn Express & Suites Chicago West O'Hare Airport represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Chicago region.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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