Investment Overview

The Hilton Garden Inn Mattoon is a four-story, upscale hotel featuring 102 spacious guest rooms and several amenities. Guests can enjoy the convenience of an on-site restaurant, the Stix Bar and Grille, which serves breakfast, lunch, and dinner every day. Additionally, the Hotel maintains a 24-hour fitness center, indoor pool, business center, meeting rooms, gaming machines, 4,000 square feet of banquet space, and 8,400 square feet of event space. The Hotel is situated off Interstate 57 between Mattoon and Charleston, less than 10 miles away from Eastern Illinois University, historic downtown Mattoon, and Sarah Bush Lincoln Health Center. The Hotel is also within 30 miles of several lakes, state parks, and natural areas. Scheduled to open in late 2024, the brand new Emerald Acres Sports Complex will be just 1.5 miles from the Property and feature a family entertainment center, baseball/softball fields, 12 turf fields, four grass fields, and eight basketball courts that can be utilized as 16 volleyball courts. Complete with a walkable retail development that includes restaurants and shops, the development is expected to draw in 580,000 visitors annually and generate $23.8 million in economic impact to the area. The property is also in close proximity to Coles County Memorial Airport, Mattoon Golf & Country Club, Sarah Bush Lincoln Health Center, Downtown Mattoon, Rural King Headquarters, Justrite Manufacturing Co., Inc., Lake Land College, and Eastern Illinois University. The Property greatly benefits from its affiliation with Hilton, one of the strongest brands in the lodging industry that boasts a powerful reservation system and strong brand loyalty largely created by the popular Hilton Honors program, which now has more than 173 million members. This offering provides an investor the ability to acquire the Property unencumbered by management or existing debt, presenting an exceptional operational opportunity for robust revenue growth through strategic implementation of aggressive yield management strategies. The Property may benefit from increased NOI flow-through and more aggressive revenue management. The Hotel achieved a 133 percent RevPAR penetration as compared to its STR competitive set. This high market share will provide a potential buyer with an already established competitive advantage over the nearby comparable properties, providing excellent cash flow on day one. As of December, the hotel submarket in the Effingham/Central Illinois Area experienced a 2.4 percent annual increase in the twelve-month average RevPAR. An investor can participate in this hospitality submarket’s expansion, enjoying top-line revenue growth throughout their ownership.