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 Normal - Bloomington Area (‘Hotel’ or ‘Property’) located in Normal, Illinois. The G6 Hospitality Hotel is offered at $2,595,000 or $29,157 per key. The Motel 6 Normal - Bloomington Area is an 89-room, two-story Hotel stationed at 1600 N Main St in Normal, Illinois, just off Interstate 74 and Interstate 55. Various common area amenities at the Property include vending machines, truck parking, and a coffee bar. Normal is in central Illinois and is part of the Bloomington-Normal metropolitan area. The city lies between Springfield (74 mi) and Chicago (132 mi), both of which are easily accessible via Interstate 55. The Hotel’s proximity to the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. The region is known for its education, healthcare, and insurance industries. The Bloomington-Normal area is home to Illinois State University and Illinois Wesleyan University, which have combined enrolments of over 22,000 students and 6000 employees. In addition to education, the Bloomington-Normal area has various large insurance and healthcare companies including State Farm Insurance, Country Financial Insurance, OSF Healthcare, and Advocate BroMenn Medical Center. Normal has a wide range of activities and entertainment venues in proximity to the city. Benefitting from the nearby entertainment demand drivers in Bloomington, tourists have quick access to Miller Park Zoo, Bloomington Center for the Performing Arts, and McLean County Museum of History. Normal is also located near the Constitution Trail, a popular location for those seeking out hiking trails, which provides a scenic overlook with breathtaking views of the surrounding area. The Hotel is near the Children’s Discovery Museum (2.2 miles), Illinois State University (0.7 miles), and Weibring Golf Club (1.5 miles) as well as Uptown Normal (2.1 miles). Uptown Normal is a vibrant area that features a variety of businesses, restaurants, shops, and cultural attractions. Uptown Normal is home to many popular buildings and landmarks, including the Normal Theater and Uptown Circle Park. Uptown Normal also has several art galleries, including University Galleries at Illinois State University and the McLean County Arts Center, which feature a variety of exhibits and events throughout the year. Additionally, it is also home to the Uptown Normal Farmers Market, which is held weekly throughout the summer months. In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $694 thousand and increased RevPAR 18.79 percent from the previous year. Twelve-month RevPAR in the hotel submarket was up as of March and climbed at a 7 percent year-over-year rate. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.