Hotels for Sale

Hyatt House Schaumburg, IL

Address:
Schaumburg, Illinois
Description:
  • Fee simple interest in the 135-room Hyatt House Schaumburg, IL offered at a substantial discount to replacement cost
  • Available unencumbered of debt and third-party management with the ability to retain the Hyatt House brand
  • Historical expenses are disproportionately high per industry standards, allowing buyer to potentially dramatically increase management efficiency and improve in-place net operating income
  • Moderate change of ownership PIP expected with more than $903,000 (~$6.7k/key) of recently completed renovations
  • Currently undergoing a $450k Lobby, Breakfast, and H Bar renovation scheduled to be completed in April 2018
  • Proximate to the Interstate 90 and Interstate 290 interchange with upwards of 360,000 cars passing the location daily
  • Optimal location in the heart of Schaumburg, proximate to the city’s largest employers
  • Schaumburg has the most square feet of office space in Illinois out of the Chicago Loop
  • Proximate to all regional demand generators including Woodfield Mall, Zurich, Motorola Solutions, OptumRx, IBM, and the Golden Corridor

Listing Agents

Hussain Waseem
T | 773.526.8713
Email

Mike Schlictman
T | 803.920.4173
Email

Bennett Webster
T: 312.339.3698
Email

Brent Clemens
T: 312.239.0572
Email

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