Aloft Bolingbrook Chicago, IL

Listing Agents

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 155-room Aloft Bolingbrook Chicago, IL offered for purchase through a receiver sale
  • Upscale, premium-branded Marriott asset in a top-three MSA offered at a significant discount to replacement cost
  • Asset is offered unencumbered of debt and management, with ability to potentially assume attractive in-place CMBS debt
  • Ability to retain the Marriott flag for a new long-term license upon completion of the PIP
  • Strong operational upside in purchasing out of receivership, completing the PIP, and repositioning the asset to better penetrate the competitive set
  • Trailing-12 property performance is at ~86% of 2019 highs and offers buyers immediate walk-in yield
  • Asset is within walking distance of Promenade Bolingbrook – offering guests a wide array of amenities including entertainment, retail, and restaurant options
  • Ideally situated at the heavily trafficked Interstate 355 and 55 intersection – two of the area’s primary thoroughfares with upwards of 150,000 vehicles passing the location daily
  • Proximate to all local corporate demand, including Amazon, WeatherTech, and Southern Glazer’s Wine and Spirits
  • Proximate to all local healthcare demand, including AdventHealth Bolingbrook Hospital, Edward-Elmhurst Health Center, and Naperbrook Medical Center
  • Easily accessible to Chicago’s two primary airports – Midway International which recently completed a $74MM renovation, and O’Hare International Airport which recently completed a massive $6B expansion and modernization
  • Proximate to all broader Chicago area demand while being located outside of Cook County, limiting tax liability for a prospective owner
Location