Hotels for Sale

Motel 6 Springfield, IL

Address:
Springfield, Illinois
Description:
  • Fee simple interest in the institutionally owned and operated 105-room Motel 6 Springfield, IL priced at a fraction of replacement cost
  • Three-story, interior-corridor-with-elevator property opened originally in 1999 and is situated on approximately three acres of land
  • Offered unencumbered of management with an ability to retain the Motel 6 flag via a long-term franchise agreement
  • Moderate change of ownership PIP expected with approximately $815,000 ($7,700/key) of renovation work already completed in recent years
  • Strong operational upside with asset transitioning out of a corporate management structure to a more traditional owner / operator model
  • Adjacent to major central U.S. corridor Interstate 55, at the Toronto Rd. exit, a location passed by an upwards of 55,000 vehicles daily
  • Conveniently positioned just south of downtown Springfield with convenient access to the area’s most notable destinations including the Illinois state capitol building, the Abraham Lincoln Presidential Library and the University of Illinois at Springfield campus

Listing Agents

Beau Mullenix
T: 314.568.7098
Email

Adam Montufar
T: 515.446.4181
Email

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