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Hotel-Motel

Sleep Inn

18420 Spring Creek Dr, Tinley Park, IL 60477

Listing Price: $6,675,000

Cap Rate
8.39%
Number of Rooms
72
RevPAR
$60
Gross SF
61,855
Price/Room
$92,708
Price/Gross SF
$107.91
Year Built
2000

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 72-room Sleep Inn located in Tinley Park, Illinois, a suburb of Chicago. The hotel is a 4-story property built-in 2000 and located directly off Interstate 80, providing ease of access for commerce and tourism. Sleep Inn Tinley Park I-80 Amphitheatre-Convention Center provides the opportunity for a new owner to acquire a Choice branded hotel with the potential to realize significant RevPAR growth through hands-on management and a complete re-branding and utilization of the Choice name, reservation system, and loyal base of guests.

Investment Highlights

  • Property is Located Just off Interstate 80
  • Less than 30 Miles to Chicago
  • Proximate to Demand Generators: Hollywood Casino Amphitheatre, Tinley Park Convention Center, Panduit Corporation Headquarters, and Orland Square Mall
  • April 2022 T-12 ADR $15+ Higher than Two Years Ago

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

Listing Price: $6,675,000

Cap Rate
8.39%
Number of Rooms
72
RevPAR
$60
Gross SF
61,855
Price/Room
$92,708
Price/Gross SF
$107.91
Year Built
2000

Investment Highlights

  • Property is Located Just off Interstate 80
  • Less than 30 Miles to Chicago
  • Proximate to Demand Generators: Hollywood Casino Amphitheatre, Tinley Park Convention Center, Panduit Corporation Headquarters, and Orland Square Mall
  • April 2022 T-12 ADR $15+ Higher than Two Years Ago

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 72-room Sleep Inn located in Tinley Park, Illinois, a suburb of Chicago. The hotel is a 4-story property built-in 2000 and located directly off Interstate 80, providing ease of access for commerce and tourism. Sleep Inn Tinley Park I-80 Amphitheatre-Convention Center provides the opportunity for a new owner to acquire a Choice branded hotel with the potential to realize significant RevPAR growth through hands-on management and a complete re-branding and utilization of the Choice name, reservation system, and loyal base of guests.

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

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