Listing Agents
Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com
Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third party managed 61-room Hampton Inn Decatur/Forsyth, IL
- Available for individual sale as part of a larger 9-property institutional portfolio sale in the August 15th auction event via Ten-X
- Offered unencumbered of brand, debt, management, and at a significant discount to replacement cost
- Variety of branding options available including potential Hilton Spark conversion for qualifying prospective buyers
- Readily accessible from Interstate-72 and U.S. Highway 51 with over 37,000 vehicles passing the location daily
- Proximate to all corporate demand including Archer Daniels Midland, Caterpillar, Tate & Lyle, and Mueller Water Products
- Significant operating improvement prospects following the completion of the PIP and transferring to a regional owner/operator model with strong local economies of scale
- Convenient location near all leisure demand including Hickory Point Mall, the Children’s Museum, Scovill Zoo, Fairview Park Tennis Complex, and Macon County Fair & Event Facilities. Easy access to Millikin University and Richland Community College
- Minutes from Decatur Memorial Hospital, the largest healthcare facility in the region and one of the largest employers in Decatur