Hotel-Motel
Holiday Inn Express & Suites Chicago Schaumburg
40 N Martingale Rd, Schaumburg, IL 60173
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Chicago Schaumburg, a four-story limited service hotel located in Schaumburg, a suburb northwest of Chicago, Illinois. The hotel's 87 guest rooms will include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities will include a heated outdoor pool & spa, meeting space, business center, fitness center and complimentary breakfast.
The property is ideally located 29 miles northwest of Downtown Chicago and only 13 miles from 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 Holiday Inn Express & Suites Chicago Schaumburg 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 prepandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Chicago region.
Holiday Inn Express & Suites Chicago Schaumburg
Investment Highlights
- Four-Story IHG-Branded Hotel Under Construction in the Chicago MSA
- Selling at Certificate of Occupancy (CO)
- Ideally Located off I-290 Eisenhower Expressway (~185k VPD), Corner of Martingale Road (~8k VPD) and Schaumburg Road (~23k VPD)
- Adjacent Corporate Offices of Motorola Solutions, Zurich Insurance, IBM and More
- Daytime Population of 150,000, 30 Hotels (Only Limited-Service IHG Hotels), Over 200 Restaurants, Highly Educated Workforce, Superb Location and High Quality of Life, Schaumburg is 'The Place for Business'
- Short Drive to the Streets of Woodfield and Woodfield Mall - The Largest Shopping Mall in Illinois and 15th in the U.S.
- Home to 5,000 Businesses that Employ Over 80,000 People
- The Region Comprises of 9.5 Million SF Retail & Restaurant Space, Over 12 Million SF Office Space and 13.5 Million SF Industrial Space
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Hotel-Motel
Holiday Inn Express & Suites Chicago Schaumburg
Listing Price: Request For Offer
Investment Highlights
- Four-Story IHG-Branded Hotel Under Construction in the Chicago MSA
- Selling at Certificate of Occupancy (CO)
- Ideally Located off I-290 Eisenhower Expressway (~185k VPD), Corner of Martingale Road (~8k VPD) and Schaumburg Road (~23k VPD)
- Adjacent Corporate Offices of Motorola Solutions, Zurich Insurance, IBM and More
- Daytime Population of 150,000, 30 Hotels (Only Limited-Service IHG Hotels), Over 200 Restaurants, Highly Educated Workforce, Superb Location and High Quality of Life, Schaumburg is 'The Place for Business'
- Short Drive to the Streets of Woodfield and Woodfield Mall - The Largest Shopping Mall in Illinois and 15th in the U.S.
- Home to 5,000 Businesses that Employ Over 80,000 People
- The Region Comprises of 9.5 Million SF Retail & Restaurant Space, Over 12 Million SF Office Space and 13.5 Million SF Industrial Space
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express & Suites Chicago Schaumburg, a four-story limited service hotel located in Schaumburg, a suburb northwest of Chicago, Illinois. The hotel's 87 guest rooms will include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities will include a heated outdoor pool & spa, meeting space, business center, fitness center and complimentary breakfast. The property is ideally located 29 miles northwest of Downtown Chicago and only 13 miles from 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 Holiday Inn Express & Suites Chicago Schaumburg 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 prepandemic 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
Senior Vice President/Regional Manager
