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  • Fee Simple interest in MainStay Suites I-55, MainStay Suites I-80, and Clarion/Quality Dual Brand - available individually or as a package
  • The portfolio includes the 60-key MainStay Suites I-55, 65-key Mainstay Suites I-80, and the 198-key dual brand Clarion Hotel & Convention Center /Quality Inn
  • Ability to purchase any combination of the three assets, giving buyers the opportunity to capitalize on economies of scale
  • Significant operational upside transferring from third-party management to more hands-on ownership
  • Offered unencumbered by debt and management
  • Capitalize on recent capex expenditures totaling ~$3.2MM with improvements to guest rooms, public spaces, and exteriors
LOCATION SUMMARY
  • Properties are readily accessible via Interstate 80 and Interstate 55, with over 50,000 vehicles passing the locations daily
  • Convenient access to all Downtown Joliet demand, including Rialto Square Theatre, Duly Health and Care Field, and Harrah’s Casino
  • Proximate to all area corporate demand, including Amazon, Weathertech, Nicor Gas, and ExxonMobil Joliet Refinery
  • Near all major healthcare demand, including Silver Cross Hospital and Ascension Saint Jospeh-Joliet, ranked as a top hospital in Chicagoland by U.S. News and World Report
  • Ideally located within the Chicago MSA, home to approximately 9.3MM people - the 3rd largest MSA in the US
  • Proximate to all broader Chicago area demand while being located outside of Cook County, limiting tax liability for a prospective owner
  • Fee-simple interest in the 80-room Candlewood Suites Houston NE Houston/Stafford TX
  • Property recently underwent a comprehensive Candlewood Suites conversion renovation, with current ownership investing approximately $2.34MM ($29.3K/key) into the asset
  • Product type with fully equipped kitchens is ideal for future potential residential conversion or other alternative use pending zoning and municipality approval

LOCATION SUMMARY

  • Ideally located near Sugar Land, proximate to all regional demand including Schlumberger Headquarters, Accredo Packaging, Minute Maid Headquarters, Atrium Medical Center, UTMB Health, Rice University Hobby Airport, and NRG Stadium.
  • Property is readily accessible via Interstate 69 with upwards of 230,000 vehicles passing the location daily
  • Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors
  • Extended stay market grossly outperformed other lodging sectors amidst the COVID recovery and is ideally positioned for future growth
  • High margin business model is optimal for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering
  • Ideal time to be investing in Houston with an MSA population of ~7.5MM residents, the second highest number of Fortune 500 headquarters within the US, and a highly favorable tax climate, which has made it one of the fastest growing MSAs in the US for two consecutive decades

UNDER CONTRACT

  • Fee simple interest in the institutionally owned and third-party managed 80-room Residence Inn Kansas City Independence, MO
  • Available for individual sale as part of a larger 9-property institutional portfolio sale in the August 15th auction event via Ten-X
  • Offered unencumbered by management, with an ability to complete the PIP and retain the Residence Inn brand through a relicensing agreement with Marriott
  • Within walking distance of Centerpoint Medical Center, a major hospital in Independence, and Independence Center, with over 100 popular retail stores and restaurants
  • Minutes from local Independence and Jackson County demand, including Truman Sports Complex, home to Arrowhead Stadium and Kauffman Stadium, Cable Dahmer Arena, EPIC Center, and Lee’s Summit Sports Complex. Convenient to all broader Kansas City regional attractions, including Worlds of Fun, Country Club Plaza, Kansas City Zoo and Aquarium, Union Station, and the Kansas City Power and Light District
  • Kansas City International Airport (KCI) opened a new $1.5 billion terminal in February 2023 and served 11.5 million passengers for the year, the highest number since 2000 and an almost 18% increase over 2022’s passenger volume
  • In 2026, Kansas City will host six FIFA World Cup matches, including a quarterfinal at Arrowhead Stadium, drawing over seven million tourists and generating $620 million in economic activity