Extended Stay America Chicago Schaumburg – Woodfield Mall

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 institutionally owned and third-party managed Extended Stay America Chicago Schaumburg Woodfield Mall
  • Property offered for individual sale in the November 3rd auction, as part of a larger three property portfolio which includes the Extended Stay America Schaumburg I-90 and the Extended Stay America Schaumburg Convention Center
  • Rare opportunity to acquire third-party owned ESA hotels – the first ever marketed for sale
  • Ability to purchase any combination of assets in the three property ESA portfolio giving buyers the opportunity to capitalize on strong operating synergies and economies of scale
  • Rare opportunity to take interest in ESA portfolio on the heels of the recently completed $6B acquisition of the ESA corporate portfolio by Blackstone and Starwood Capital
  • Offered unencumbered by debt or management with the ability to retain the Extended Stay America flag upon completion of the PIP
  • Trailing-12 occupancy of +80% and strong in-place yield
  • Extended stay assets have grossly outperformed all other hotel service sectors and continue to outpace the broader recovery
  • The extended stay nature of the asset lends itself to potential alternative use pending zoning and municipality approval
  • Situated near the intersection of Golf Rd and Meacham Rd – two major thoroughfares in Schaumburg – with upwards of over 69,000 vehicles passing the location daily and easily accessible to the I-90 / I-290 / IL-53 interchange
  • Located near the “Golden I-90 Corridor,” that serves as a hub for Fortune 500 companies, office, manufacturing, retail, education, industrial, and healthcare demand
  • Proximate to all regional demand generators, including Woodfield Mall, Zurich, IBM, OptumRX, Motorola, Paylocity, Perdoceo Education Corporation, Nation Pizza and Foods, and Northwest Community Hospital
  • Proximate to the new 225-acre Veridian development, featuring 400-residential units, office, retail, public space, and entertainment, including Top Golf
  • Schaumburg is experiencing unprecedented development with record housing development not seen in three decades
  • Readily accessible to Chicago O’Hare International Airport, the third busiest airport in the US in 2019, with over 84MM passengers annually
  • Ideally located in the broader Chicagoland, the third largest MSA in the US, home to over 9.4MM people, and host to a record setting +58MM tourists in 2019
Location