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135+ room franchise hotel and banquet in Chicago plus strip mall

Cook County, IL

135+ room franchise hotel and banquet in Chicago plus strip mall
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Asking Price: $17,500,000

Cash Flow: N/A

Gross Revenue: $5,500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

135+ room franchise hotel and banquet in Chicago plus strip mall

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Business Description

Property Description : Full Service Hotel With A Stand Alone Leased Restaurant & Strip Mall.
Number Of Rooms : 149
Total Land : 10 Acres Approx.
Total Building : 162,869 SF
Year Built : October 1989
Facilities : Breakfast Lounge, Banquet Hall, Arcade Games Area, Meeting Rooms, Fitness Center, Business Center, Indoor Pool
Last Renovation PIP Upgrade : They completed $2M+ PIP in 2015, 16 & 17. Also, another $500K for 22000 sq.ft. banquet hall upgrades that was not part of the PIP.
Cap Rate : 8.86%
Occupancy : 39.4% As of December 2017.
Price Per Key : $117,450
GRM : 3.4

Detailed Information

Location:
Cook County, IL
Real Estate:
Owned
Included in asking price
Building SF:
N/A
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(from currently available funds)
 
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Dan Sperry - Chicago

Business Listed By:
Dan Sperry - Chicago

The Business Exchange

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Sponsoring Broker:
Dan Sperry - The Business Exchange

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