Holiday Inn Express & Suites Chicago-Algonquin - Algonquin, IL
About This Property
- 3 Story, Interior Corridor Hotel
- 86 Rooms
- Fully Renovated - Formula Blue PIP Completed in 2024
- 2024 Revenue During Renovation: $2,130,661
- Fantastic Location with a Diverse Mix of Demand Generators
- Motivated Seller - Offers Encouraged
- Full Details Available to Qualified Buyers
86 unit, Holiday Inn Express in Algonquin, IL - located 30 minutes from Chicago O'Hare International Airport.
The hotel is in excellent condition following a complete renovation over the last 24 months. During that period, over 30 rooms were shut down at a time and the owner expects business to stabilize at $2,500,000+ in room revenue following the renovation. The hotel is current on all PIP requirements.
Prior to the renovation, in 2022 the hotel had revenue of $2,375,306 and the competitive set has seen an increase in RevPAR since that time. Currently, the property is performing below the competitive set RevPAR index despite being the only renovated property in the group. This is a rare opportunity to acquire a Holiday Inn Express in pristine condition within the Chicago metro area..
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.