Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Red Roof Plus Chicago-Northbrook/Deerfield (‘Hotel’ or ‘Property’) located in Deerfield, Illinois. The Red Roof Plus-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. The property features 115 rooms and a comprehensive array of amenities including on-site laundry, vending machines, and complimentary coffee and tea. Located at 340 S Waukegan Road, Deerfield, Illinois, the three- story property, spans 2.35 acres. The Chicago-Naperville-Elgin Metropolitan Statistical Area (MSA), encompassing Deerfield, IL, is a significant economic hub in northeastern Illinois, with a population exceeding 9.5 million. Deerfield thrives on diverse economic drivers, including finance, advanced manufacturing, healthcare, and logistics. The area within proximity to the hotel is home to major corporations such as Walgreens Boots Alliance (2.5 miles), headquartered in Deerfield, employing approximately 315,000 people globally, and nearby corporate giants like McDonald's (23.8 miles - 200,000 employees), AbbVie (49.6 miles - 8,000 employees), and Exelon (25.1 miles - 34,000 employees). Strategically located, Deerfield is approximately 25 miles from downtown Chicago, and 90 miles from Milwaukee, WI. The steady influx of business and leisure travelers, coupled with Chicago's global city status and robust growth potential, ensures a stable and promising environment for hospitality ventures in Deerfield. The property is strategically positioned near several key demand generators that enhance its appeal. The property is close to major sports arenas like the United Center (24.3 miles), home to the NBA Chicago Bulls and NHL Chicago Blackhawks, attracting over 2.5 million visitors annually. For family activities, Six Flags Great America (20.5 miles) away draws over 3 million visitors each year. The Chicago Botanic Garden (3.1 miles) is a popular destination with over 1 million visitors annually. O'Hare International Airport, one of the busiest airports in the world with nearly 80 million passengers annually, is conveniently located about 15 miles from the property, ensuring a steady flow of business and leisure travelers. Midway International Airport, serving over 20 million passengers annually, is about 40 miles from the property and provides additional connectivity. Event venues such as the Donald E. Stephens Convention Center in Rosemont (16.8 miles) offers a total of 840,000 square feet of flexible exhibition space and host numerous conferences and events year-round, attracting thousands of attendees. Additionally, the Ravinia Festival (4.6 miles) is a renowned music festival that draws over 600,000 visitors each season. These demand generators, combined with Deerfield's corporate presence and accessibility, make it a prime location for hotel investments. Development in the Deerfield, IL area is set to expand significantly with the addition of 80,000 square feet of retail space featuring experiential restaurants and entertainment venues. Alongside these additions, upscale apartments will be constructed, complemented by a public square owned by Deerfield Township. This square will host family-friendly events, enhancing community engagement. Continental Properties plans to develop a Transit-Oriented Development consisting of a 254-unit rental complex at the rear of the Deerbrook Shopping Center. Additionally, the redevelopment of the rear 10.79 acres of Deerbrook Shopping Center is approved for a multi-family residential Transit-Oriented Development. Notably, Sky Zone, an entertainment attraction, will also be located within the Deerbrook Shopping Center, further enriching the area's offerings. Red Roof PLUS+ elevates the Upscale Economy® hotel experience with its dedication to modern comfort and exceptional value. Offering upgraded Premium Rooms and superior amenities, PLUS+ properties ensure a consistent standard of sleek design and attentive service that surpasses expectations. As part of the Red Roof brand, PLUS+ properties also utilize RediRewards to ensure that loyalty is always recognized.