Four Points by Sheraton Mount Prospect O’Hare, IL

Listing Agents

Rob Willard
T | 314.306.2119
rwillard@paramountlodging.com

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 93-room Four Points by Sheraton Mt. Prospect offered at a fraction of replacement cost
  • Minimal change of ownership PIP expected due to full hotel redevelopment in 2018
  • Available unencumbered of debt and management
  • Ability to relicense property under the existing Marriott brand for a new long-term franchise agreement
  • Consistently strong performing market with the trailing 26-month pre-COVID competitive set occupancy of ~68%
  • Strong operational upside for a new owner to revamp operations and execute a revised sales and marketing strategy that has been missing since pre-COVID
  • Recovery is well underway in the market and Subject Hotel with T3 RevPAR up ~122% and ~188% respectively
  • Readily accessible to Interstate-90 with upwards of 195,000 vehicles passing the location daily
  • Ideally located approximately 1 mile from O’Hare Airport, the third busiest airport by passenger traffic in 2019
  • Readily accessible to all local and regional demand, including CVS Caremark, Robert Bosch Tool Corporation, J&J Ventures, and Rauland-Borg Corporation, Northwest Community Hospital, Advocate Lutheran General Hospital, Arlington International Racecourse (Chicago Bears Redevelopment), Allstate Arena, Donald E. Stephens Convention Center, US Army Contract Management Agency, Mobil and Citgo Petroleum Corporations Supply Terminals, and all greater Chicago demand
  • An opportune time to invest in Mt. Prospect with the National Football League’s Chicago Bears plans to redevelop the Arlington International Racecourse property into a ‘world-class stadium’ in neighboring Arlington Heights
Location