Hotels for Sale

Comfort Inn Rockford, IL

Address:
Rockford, Illinois
Description:

• Fee simple interest in the institutionally owned and third party managed 64-room Comfort Inn Rockford offered at a substantial discount to replacement cost
• Property offered for individual sale through Ten-X as part of a larger portfolio sale through Ten-X
• Available unencumbered of debt and third-party management with ability to retain the Comfort Inn brand
• Moderate change of ownership PIP expected with approximately $590,000 (~$9k per key) of recently completed renovations
• Adjacent to Interstate 90 with upwards of 50,000 cars passing the location daily
• Subject Property’s 2Q17 RevPAR is up ~ 30% year over year
• Optimal location in the heart of Rockford, proximate to the city’s top-ten largest employers
• Proximate to all regional demand generators including the Coronado Theater, the Chrysler Belvidere Assembly Plant, and the BMO Harris Bank Center
• Within walking distance of numerous full-service nationally recognized restaurants

Listing Agent

Omari Head
T: 773.315.5704
Email

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