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Hotel-Motel

Budget Inn Rockford

7712 Potawatomi Trail, Rockford, IL 61107

Listing Price: Request For Offer

Number of Rooms
131
RevPAR
$8
Gross SF
44,146
Year Built
1989

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Budget Inn - Rockford. The property was constructed in 1989 and is located at the Interstate 90 and Highway 20 interchange, 65 miles from Chicago O'Hare Airport. There are multiple demand generators in the area including a multi-million-dollar redevelopment that will include a casino.

The property was formerly a Motel 6, which was doing over $1,100,000 in room revenue. The 131-room hotel underwent some repair and was closed temporarily, hence the decrease and drop in recent revenues. This three-story, dual corridor box with an interior third floor, presents a new owner the opportunity to acquire a value-add asset within the Rockford metropolitan statistical area and convert it to a National brand/flag with a minimal PIP. An investor, looking to act as an owner-operator, can maximize profits through a reduction in management costs for the property and increasing the revenue to come in line with the market RevPAR. The property is surrounded by both Hilton and Marriott branded properties and can take advantage of the multiple Economy/Midscale conversion opportunities with various brands for increased market share.

The expenses include provisions for a four percent reserve for capital replacement. The hotel is offered fee simple, unencumbered by a management contract, franchise and debt.

Investment Highlights

  • 131-Room, Three-Story, Interior/Exterior Corridor Hotel
  • Located 80 Miles from Madison, WI and Chicago, IL; 65 Miles from Chicago OHare
  • Expected to Trade Well Below Replacement Costs
  • Well Positioned with Excellent Visibility from Interstate 90
  • Multiple Conversion Opportunities Available; Please Inquire With Agent
  • Located Within the Rockford Metropolitan Statistical Area

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
131
RevPAR
$8
Gross SF
44,146
Year Built
1989

Investment Highlights

  • 131-Room, Three-Story, Interior/Exterior Corridor Hotel
  • Located 80 Miles from Madison, WI and Chicago, IL; 65 Miles from Chicago OHare
  • Expected to Trade Well Below Replacement Costs
  • Well Positioned with Excellent Visibility from Interstate 90
  • Multiple Conversion Opportunities Available; Please Inquire With Agent
  • Located Within the Rockford Metropolitan Statistical Area

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Budget Inn - Rockford. The property was constructed in 1989 and is located at the Interstate 90 and Highway 20 interchange, 65 miles from Chicago O'Hare Airport. There are multiple demand generators in the area including a multi-million-dollar redevelopment that will include a casino.

The property was formerly a Motel 6, which was doing over $1,100,000 in room revenue. The 131-room hotel underwent some repair and was closed temporarily, hence the decrease and drop in recent revenues. This three-story, dual corridor box with an interior third floor, presents a new owner the opportunity to acquire a value-add asset within the Rockford metropolitan statistical area and convert it to a National brand/flag with a minimal PIP. An investor, looking to act as an owner-operator, can maximize profits through a reduction in management costs for the property and increasing the revenue to come in line with the market RevPAR. The property is surrounded by both Hilton and Marriott branded properties and can take advantage of the multiple Economy/Midscale conversion opportunities with various brands for increased market share.

The expenses include provisions for a four percent reserve for capital replacement. The hotel is offered fee simple, unencumbered by a management contract, franchise and debt.

Exclusively Listed By

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