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Hotel-Motel

Econolodge Champaign-Urbana

1908 N Lincoln Ave, Urbana, IL 61801

Listing Price: $2,750,000

Cap Rate
2.00%
Number of Rooms
65
RevPAR
$35
Gross SF
12,550
Price/Room
$42,308
RRM
4.00
Price/Gross SF
$219.12
Year Built
1985

Investment Overview

The Econolodge Urbana-Champaign is a 65-room, three-story interior corridor hotel built in 1995. The hotel is well-equipped with numerous common area and guest room amenities. This limited service, economy hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk and flat screen televisions with premium channels. Additionally, common area amenities consist of an indoor pool, fitness center, business center, dry cleaning services, wifi and a limited breakfast selection. Conveniently located with access to the University of Illinois main campus, less than 1.5 miles away. Close to shopping and restaurants in Champaign. This property meets the needs of any guest stay.

Investment Highlights

  • 65 Rooms Either Completely Renovated or in Process
  • Lobby Renovated in Neutral Colors
  • Pool Area Completely Renovated Including Heater, Piping, Electrical and Dehumidifier
  • Exterior Renovations Including a New Roof and Currently Resurfacing the Parking Lot

Exclusively Listed By

Hotel-Motel

Econolodge Champaign-Urbana

Listing Price: $2,750,000

Cap Rate
2.00%
Number of Rooms
65
RevPAR
$35
Gross SF
12,550
Price/Room
$42,308
RRM
4.00
Price/Gross SF
$219.12
Year Built
1985

Investment Highlights

  • 65 Rooms Either Completely Renovated or in Process
  • Lobby Renovated in Neutral Colors
  • Pool Area Completely Renovated Including Heater, Piping, Electrical and Dehumidifier
  • Exterior Renovations Including a New Roof and Currently Resurfacing the Parking Lot

Investment Overview

The Econolodge Urbana-Champaign is a 65-room, three-story interior corridor hotel built in 1995. The hotel is well-equipped with numerous common area and guest room amenities. This limited service, economy hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk and flat screen televisions with premium channels. Additionally, common area amenities consist of an indoor pool, fitness center, business center, dry cleaning services, wifi and a limited breakfast selection. Conveniently located with access to the University of Illinois main campus, less than 1.5 miles away. Close to shopping and restaurants in Champaign. This property meets the needs of any guest stay.

Exclusively Listed By

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