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Hotel-Motel

Comfort Inn Matteson

5210 Southwick Dr, Matteson, IL 60443

Listing Price: Request For Offer

Number of Rooms
104
RevPAR
$35
Gross SF
54,930
Year Built
1990

Investment Overview

As an exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the Comfort Inn Matteson, a Choice Hotels International-hotel. The hotel is unpriced and sold on a request-for-offers basis. It sits on 2.35 acres within the Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin Metropolitan Statistical Area (MSA), the third-largest MSA by population in the United States.

This three-story interior corridor property sits at a prime location near Interstate 57 and Highway 30. The hotel is easily accessible and visible from the highly trafficked expressway, which provides excellent exposure for any transient business. The 104-room hotel represents a unique opportunity to acquire the fee-simple interest in an asset at a price expected to be well below replacement cost.

The property's RevPAR was approximately $40, achieving revenues above $1.5 million through 2019. This property has performed in line with the competitive market set and has posted a 106 percent plus RPI through 2019. Currently, the property is penetrating the market with a RevPAR of 123 percent RPI. An opportunity exists for a new investor to implement strategic cost control initiatives and employ more aggressive yield management strategies, ultimately increasing overall profitability.

The property is unencumbered by a management agreement, providing complete operational flexibility to a new investor. Essentially a blank slate, the Property may benefit from a change in market position and more aggressive revenue management. Industry-standard adjustments to expenses include provisions for a four percent capital replacement reserve.

Investment Highlights

  • 104-Room, Interior Corridor, Upper Midscale Hotel Built in 1990
  • Located in Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area
  • The ability for Hands-On-Owner-Operator to decrease Expenses
  • Expected to Transact Well Below Replacement Cost

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
104
RevPAR
$35
Gross SF
54,930
Year Built
1990

Investment Highlights

  • 104-Room, Interior Corridor, Upper Midscale Hotel Built in 1990
  • Located in Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area
  • The ability for Hands-On-Owner-Operator to decrease Expenses
  • Expected to Transact Well Below Replacement Cost

Investment Overview

As an exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the Comfort Inn Matteson, a Choice Hotels International-hotel. The hotel is unpriced and sold on a request-for-offers basis. It sits on 2.35 acres within the Chicago-Naperville-Elgin, Illinois-Indiana-Wisconsin Metropolitan Statistical Area (MSA), the third-largest MSA by population in the United States.

This three-story interior corridor property sits at a prime location near Interstate 57 and Highway 30. The hotel is easily accessible and visible from the highly trafficked expressway, which provides excellent exposure for any transient business. The 104-room hotel represents a unique opportunity to acquire the fee-simple interest in an asset at a price expected to be well below replacement cost.

The property's RevPAR was approximately $40, achieving revenues above $1.5 million through 2019. This property has performed in line with the competitive market set and has posted a 106 percent plus RPI through 2019. Currently, the property is penetrating the market with a RevPAR of 123 percent RPI. An opportunity exists for a new investor to implement strategic cost control initiatives and employ more aggressive yield management strategies, ultimately increasing overall profitability.

The property is unencumbered by a management agreement, providing complete operational flexibility to a new investor. Essentially a blank slate, the Property may benefit from a change in market position and more aggressive revenue management. Industry-standard adjustments to expenses include provisions for a four percent capital replacement reserve.

Exclusively Listed By

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