Hotel-Motel

Comfort Inn & Suites Carbondale

2400 Reed Station Parkway, Carbondale, IL 62901

Listing Price: $4,400,000

Cap Rate
10.33%
Number of Rooms
73
Gross SF
82,254
Price/Room
$60,274
RRM
2.98
Price/Gross SF
$53.49
Year Built
2009

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 73-room Comfort Inn & Suites located in Carbondale, Illinois - the economic center of Southern Illinois. The property is a three-story hotel currently flagged as a Days Inn & Suites by Wyndham but is under renovation and expected to open as a Comfort Inn & Suites in January 2020. Located directly off of Illinois State Route 13, a major thoroughfare of Carbondale, the area surrounding the property hosts a variety of diverse demand generators including: Southern Illinois University, Memorial Hospital of Carbondale, Southern Illinois Airport and many more. The Comfort Inn & Suites offers investors the opportunity to acquire a newly converted, interior corridor property in an established and growing market.

Investment Highlights

  • Currently being Converted; Scheduled to Open as A Comfort Inn & Suites January 2020
  • Minimal Property Improvement Plan (PIP) / Renovation Costs Estimated for a New Owner
  • Interest-Only, Seller Financing Available

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Hotel-Motel

Comfort Inn & Suites Carbondale

Listing Price: $4,400,000

Cap Rate
10.33%
Number of Rooms
73
Gross SF
82,254
Price/Room
$60,274
RRM
2.98
Price/Gross SF
$53.49
Year Built
2009

Investment Highlights

  • Currently being Converted; Scheduled to Open as A Comfort Inn & Suites January 2020
  • Minimal Property Improvement Plan (PIP) / Renovation Costs Estimated for a New Owner
  • Interest-Only, Seller Financing Available

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 73-room Comfort Inn & Suites located in Carbondale, Illinois - the economic center of Southern Illinois. The property is a three-story hotel currently flagged as a Days Inn & Suites by Wyndham but is under renovation and expected to open as a Comfort Inn & Suites in January 2020. Located directly off of Illinois State Route 13, a major thoroughfare of Carbondale, the area surrounding the property hosts a variety of diverse demand generators including: Southern Illinois University, Memorial Hospital of Carbondale, Southern Illinois Airport and many more. The Comfort Inn & Suites offers investors the opportunity to acquire a newly converted, interior corridor property in an established and growing market.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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