Choice Hotel Three Property Portfolio – Joliet

Listing Agents

Carter Benedict
T | 518.317.0569
[email protected]

Jake Goodman
T | 414.758.5936
[email protected]

Eric Skipworth
T | 312.248.4109
[email protected]

Mike Schlictman
T | 803.920.4173
[email protected]

Andrew Makhlouf
T | 312.610.9067
[email protected]

Detailed Information
Property Highlights
  • 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
Location

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