Best Western Annawan Inn - Annawan, IL
About This Property
- 62 Units
- 2-Story Interior Corridor Hotel
- Room Revenue in 2023 $775,916
- 2 Hours from Chicago, Excellent Location Right off Interstate 80
- Absentee Ownership
- Sale Includes a Profitable Full Service Banquet Facility Next Door Which Provides Significant Additional Revenue
- Qualifies for Best Western Membership Auto-Transfer
The Best Western Annawan Inn is a 62 room 2-story, interior corridor hotel located on I-80, 2 hours from Chicago and 40 minutes from the Quad Cities area.
The hotel maintains a $98 Average Daily Rate, demonstrating strong profit potential. STR data shows significant upside potential to capture a greater share of the market, with a RevPAR Index of 66% (running 12 months through April 2024).
The hotel is in excellent condition with strong reviews and excellent ratings online, and auto-transfer for Best Western's membership is expected. Included in the sale is the Annawan Banquet and Meeting Center next door, a full service banquet hall which provides significant additional income and is highly profitable.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.