Listing Agents
Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com
Eric Skipworth
T | 312.248.4109
eskipworth@paramountlodging.com
Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third-party managed Fairfield Inn Kankakee Bourbonnais, IL
- Available for individual sale as part of a larger 18-property institutional portfolio sale in the July 26th auction event via Ten-X
- Offered unencumbered of debt and management and at a significant discount to replacement cost
- Ability to retain the Fairfield flag for a long-term license upon brand approval and completion of the PIP
- Significant operating improvements prospects following the completion of the PIP and transferring to a regional owner/operator model with strong local economies of scale
- Readily accessible from Interstate-57 and State Route 50 with over 52,000 vehicles passing the location daily
- Proximate to all local and regional demand, including Olivet Nazarene University, Kankakee Community College, CSL Behring, Riverside Medical Center, St. Mary’s Hospital, and Nucor Steel