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Hotel-Motel

Super 8 Rockford

7646 Colosseum Dr, Rockford, IL 61107

Listing Price: $1,795,000

Cap Rate
0.21%
Number of Rooms
50
RevPAR
$25
Price/Room
$35,900
RRM
4.05
Year Built
1990

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 Super 8 Rockford (‘Hotel’ or ‘Property’). The Wyndham Hotels & Resorts Hotel is offered at $1,795,000 or $35,900 per key. The Super 8 Rockford is located at 7646 Colosseum Drive in Rockford, Illinois, near the intersection of Interstate 90 and State Highway 20. The 50-room, two-story building was constructed in 1990 and situated on a 1.63-acre lot. The Property’s common area amenities include a breakfast area and parking to buses, trucks, and RVs. Located on the banks of the Rocks River in the far northern part of Illinois, Rockford is the county seat of Winnebago County and about 80 miles northwest of Chicago. The largest city in the state outside of the Chicago Metropolitan Area, Rockford is the fifth largest city in the state and the 171st most populous in the country. Rockford is home to several universities and colleges with events throughout the year, including Rockford University, Rock Valley College, and Northern Illinois University. Nicknamed the Forest City, Rockford is rich with destinations of cultural prominence and historical significance, such as the Anderson Japanese Gardens, Klehm Arboretum, Rockford Art Museum, the Burpee Museum of Natural History and the BMO Harris Bank Center. Historical buildings such as the Tinker Swiss Cottage, the Coronado Theatre, and the Laurent House, have been standing since the early 1900s. Many popular outdoor recreational spots are located near the city including Rock Cut State Park, Atwood Homestead County Forest Preserve, and Lowden State Park. Additionally, Nicholas Conservatory & Gardens, Sinnissippi Park, and the Rockford Park District's Magic Waters Waterpark provide tourists with many outdoor opportunities. The city is also home to the Rockford IceHogs, a professional hockey team that plays in the American Hockey League. The local economy is largely supported by manufacturing, historically a leading furniture and heavy machinery manufacturing city, but further diversification has led to growth in the automotive, aerospace, and health care industries. Revitalization efforts downtown has led Rockford to undertake various strides to increase tourism to the city. For instance, the Coronado Theatre was reopened in 2001 after undergoing an 18-month multi-million-dollar renovation and expansion while the MetroCentre downtown arena completed a $20 million renovation in 2008 and was renamed the BMO Harris Bank Center in 2011. Rockford’s well-established transportation infrastructure connects the metro via the Chicago Rockford International Airport, as well as several major highways and interstates. In 2022, the hotel's room revenues were over $443,000 while it was under absentee ownership. An experienced owner-operator could potentially improve the hotel's performance and position within its competitive set by focusing on operations and implementing cost-control strategies. As the third largest hotel market in the state, Rockford offers a range of opportunities for a new owner to reposition the hotel and make improvements with minimal PIP.

Investment Highlights

  • Two-Story, 50-Room, Wyndham Hotels & Resorts-Branded Hotel
  • Highly Visible and Easily Accessible from Interstate 90 and State Highway 20
  • Minutes Away from Demand Generators such as the new Hard Rock Casino (under construction) and Chicago Rockford International Airport
  • Surrounded by a Diverse Array of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Financing By

Hotel-Motel

Super 8 Rockford

Listing Price: $1,795,000

Cap Rate
0.21%
Number of Rooms
50
RevPAR
$25
Price/Room
$35,900
RRM
4.05
Year Built
1990

Investment Highlights

  • Two-Story, 50-Room, Wyndham Hotels & Resorts-Branded Hotel
  • Highly Visible and Easily Accessible from Interstate 90 and State Highway 20
  • Minutes Away from Demand Generators such as the new Hard Rock Casino (under construction) and Chicago Rockford International Airport
  • Surrounded by a Diverse Array of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

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 Super 8 Rockford (‘Hotel’ or ‘Property’). The Wyndham Hotels & Resorts Hotel is offered at $1,795,000 or $35,900 per key. The Super 8 Rockford is located at 7646 Colosseum Drive in Rockford, Illinois, near the intersection of Interstate 90 and State Highway 20. The 50-room, two-story building was constructed in 1990 and situated on a 1.63-acre lot. The Property’s common area amenities include a breakfast area and parking to buses, trucks, and RVs. Located on the banks of the Rocks River in the far northern part of Illinois, Rockford is the county seat of Winnebago County and about 80 miles northwest of Chicago. The largest city in the state outside of the Chicago Metropolitan Area, Rockford is the fifth largest city in the state and the 171st most populous in the country. Rockford is home to several universities and colleges with events throughout the year, including Rockford University, Rock Valley College, and Northern Illinois University. Nicknamed the Forest City, Rockford is rich with destinations of cultural prominence and historical significance, such as the Anderson Japanese Gardens, Klehm Arboretum, Rockford Art Museum, the Burpee Museum of Natural History and the BMO Harris Bank Center. Historical buildings such as the Tinker Swiss Cottage, the Coronado Theatre, and the Laurent House, have been standing since the early 1900s. Many popular outdoor recreational spots are located near the city including Rock Cut State Park, Atwood Homestead County Forest Preserve, and Lowden State Park. Additionally, Nicholas Conservatory & Gardens, Sinnissippi Park, and the Rockford Park District's Magic Waters Waterpark provide tourists with many outdoor opportunities. The city is also home to the Rockford IceHogs, a professional hockey team that plays in the American Hockey League. The local economy is largely supported by manufacturing, historically a leading furniture and heavy machinery manufacturing city, but further diversification has led to growth in the automotive, aerospace, and health care industries. Revitalization efforts downtown has led Rockford to undertake various strides to increase tourism to the city. For instance, the Coronado Theatre was reopened in 2001 after undergoing an 18-month multi-million-dollar renovation and expansion while the MetroCentre downtown arena completed a $20 million renovation in 2008 and was renamed the BMO Harris Bank Center in 2011. Rockford’s well-established transportation infrastructure connects the metro via the Chicago Rockford International Airport, as well as several major highways and interstates. In 2022, the hotel's room revenues were over $443,000 while it was under absentee ownership. An experienced owner-operator could potentially improve the hotel's performance and position within its competitive set by focusing on operations and implementing cost-control strategies. As the third largest hotel market in the state, Rockford offers a range of opportunities for a new owner to reposition the hotel and make improvements with minimal PIP.

Exclusively Listed By

Financing By

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