Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Four Points Sheraton - Buffalo Grove ('Hotel' or 'Property') located in Buffalo Grove, Illinois. The Marriott International-branded Hotel is being offered at $7,500,000 or $52,817 per key. The Four Points Sheraton - Buffalo Grove is a 142-room, two-story Hotel located at 900 W Lake Cook Road, Buffalo Grove, Illinois. The Property is situated near US 83, at the intersection of Lake Cook Road and N Arlington Heights Road. Various common area amenities at the Property include an indoor pool, on-site restaurant and bar, fitness center, meeting space, and convenience store. Buffalo Grove, Illinois, epitomizes a harmonious blend of suburban tranquility, family-friendly amenities, and cultural diversity, conveniently located within easy reach of major transportation routes including O'Hare International Airport. Renowned for its excellent schools and strong sense of community, the city exudes a welcoming atmosphere that permeates its neighborhoods. Yet, beyond its residential charm, Buffalo Grove captivates with its abundance of green spaces, from the scenic trails of the Buffalo Creek Forest Preserve to the peaceful shores of Lake Jacqueline. Outdoor enthusiasts embrace the myriad opportunities for hiking, biking, and enjoying nature's beauty right at their doorstep. Meanwhile, Buffalo Grove's vibrant community life shines through its diverse array of cultural events, including summer concerts, art festivals, and multicultural celebrations that reflect the city's rich tapestry of traditions. Residents and visitors alike can savor the region's culinary delights, from cozy cafes to international eateries offering a taste of global cuisine. In essence, Buffalo Grove offers a welcoming tapestry of experiences, blending suburban comfort with cultural vibrancy, ensuring a nurturing environment for families and individuals alike. Strategically positioned within reach of bustling attractions and essential landmarks, the hotel stands as a beacon for travelers seeking both convenience and adventure. With O'Hare International Airport nearby, swift access to global connections is assured. Retail therapy beckons at the Fashion Outlets of Chicago in Rosemont, or guests can opt for an adrenaline rush at Six Flags Great America, a thrill-seeker's paradise. For a cultural escape, the renowned Ravinia Festival awaits, offering an array of captivating performances. Those with a penchant for naval history can explore the Great Lakes Naval Station, while nature enthusiasts can bask in the tranquility of the Chicago Botanic Garden. Shoppers can indulge their retail desires at Northbrook Court, sports aficionados won't be disappointed with Wrigley Field, and for those yearning for the vibrant pulse of urban life, downtown Chicago awaits with its myriad attractions and endless possibilities. Whether guests seek adventure, relaxation, or exploration, the hotel's enviable location ensures that every desire is within easy reach. The Hotel's current RevPAR index of 83 percent indicates untapped potential. With strategic revenue management and marketing, a new owner could raise the index to 102-105 percent, driving room revenues to approximately $2.56-2.96 million dollars. This improvement would enhance ROI and increase asset value, offering substantial upside for investors. As of October, the 12-month average RevPAR in the Lake County submarket was increasing at an annual rate of 5.2 percent, indicating robust growth and a lower-risk environment.