Hotels for Sale

WINGATE BY WYNDHAM FAIRVIEW HEIGHTS, IL

Address:
Fairview Heights, Illinois
Description:
  • Fee simple interest in the 62-room former Fairfield Inn Fairview Heights offered at a fraction of replacement cost
  • Property offered for individual sale through Ten-X as part of a larger portfolio sale on August 22nd
  • Available unencumbered of debt and third-party management with scheduled rebranding to Wingate by Wyndham in late July 2018
  • Seller has pre-negotiated franchise terms with Wyndham including the buyer option for reduced royalty fees or key money payment
  • Financing available with upwards of 80% 'Loan to Cost' (LTC) for qualified bidders
  • Minimal Wingate by Wyndham change of ownership PIP expected upon transfer of franchise and sale of asset with 18 month deferment on full PIP requirements
  • Situated adjacent to Interstate 64 with direct visibility and easy accessibility to the upwards of 75,000 vehicles passing the location daily
  • Readily accessible to all regional Fairview Heights demand including the Scott Air Force Base, Southern Illinois University - Edwardsville (SIUE), Gateway Motorsports, St Clair Square Regional Super Mall, and MidAmerica St Louis Airport (BLV)
  • Located just minutes east of Downtown St Louis and proximate to all St Louis demand including the world famous and newly renovated Gateway Arch, Busch Stadium, America’s Center Convention Complex, Enterprise Center, Anheuser Busch Brewery, and St Louis Lambert International Airport (STL)

Listing Agents

Beau Mullenix
T: 314.568.7098
Email

Adam Montufar
T: 515.446.4181
Email

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