Fairfield Inn & Suites Mt. Vernon Rend Lake, IL

UNDER CONTRACT

• 70-room Fairfield Inn & Suites Mt. Vernon Rend Lake, IL offered at a fraction of replacement cost through a receiver sale
• Leasehold interest offered for individual sale in the March 1st Ten-X Auction Event
• Available unencumbered of debt or management and at a significant discount to replacement cost
• Strong operational upside in purchasing out of receivership, completing the PIP, and retaining the Fairfield Inn & Suites brand for a long-term license, or pursue alternative branding options
• Situated adjacent to and directly visible from Interstate 57 and Interstate 64 with upwards of 61,000 vehicles passing the location daily
• Readily accessible to all core regional demand, including the Continental Tires of North America Facility, distribution centers for NAPA, National Railway Equipment Company, ALCO, IPT, and Walgreens, Orthopedic Center of Southern Illinois, Crossroads Community Hospital, and SSM Health Good Samaritan Hospital
• Ideally located just north of Rend Lake a popular drive to leisure attraction in southern Illinois, making it well positioned for growth with drive-to leisure a top-performing sector amidst the COVID recovery
• Readily accessible via Interstate 64 to the St. Louis MSA, the 21st largest MSA in the United States