"Newly renovated in 2016. Built in 2002. All high end amenities with heated indoor pool. This upper midscale brand does very well. First full year with new brand. 12 month revenue 550k. Hotel went from a independent economy brand to upper midscale. ADR is over 77. Next year on track for over 650k. Will stabilize at 750-800k. No PIP for new buyer. Only franchised hotel in town. Near major demand generators and national state park. Small quite town, low expenses, high profit. I have had a lot of inquires and not enough serious buyers, please don't waste each others time. The hotel will sell for over 3x multiplier. Current NOI is over 300k. Please don't offer me anything lower.
Perfect for a regional hotel operator or a family operation, great cash flow. less than 1 hour south from Naperville, 1.5 Hours from Chicago.