Listing Agents
Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com
Andrew Makhlouf
312.610.9067
amakhlouf@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the third-party managed 104-room Hampton Inn & Suites Chicago Deer Park IL
- Upscale premium branded Hilton asset in a top-three MSA offered unencumbered of debt and management
- Ability to retain the Hilton flag for a new long-term license upon completion of the PIP
- Operational upside in transitioning out of third-party management
- Situated near US Route 12 with upwards of 80,000 vehicles passing the location daily
- Located in Deer Park Town Center, a 90-acre mixed use development that includes offices, retail, dining, senior housing, and other demand generators connected via walkway and bike trails
- Minutes from The Shops at Kildeer, Eton Pharmaceuticals, QCSS, SageView Advisory Group, Merrill Lynch, Plexus Group, Concord Banquet Center, Deer Grove, and Cuba Marsh Forest Preserves
- Proximate to all area demand including, Advocate Good Shephard Hospital, Cimetrix, Continental Automotive Systems, NOW Arena, Allstate Arena, Donald E. Stephens Convention Center, Rosemont Theatre, and the New Hoffman Estates Bell Works Development with 1.2M SF of office space, 60,000 SF of conference facilities, and 60,000 SF of restaurant and retail space
- Easily accessible to downtown Chicago and O’Hare International Airport – with upwards of 84MM passengers annually and currently undergoing an $8.5B renovation
- Opportune time to be investing in the Chicagoland hotel market amidst continued population growth and Chicago leading the country in meetings and events by volume in April and May 2023
- Optimal submarket investment on the north side of Chicago with area demand generators moving and expanding north – including the estimated $2B Chicago Bears Arlington Heights stadium development
- Chicagoland ranked as Top Metro in the US for Corporate Relocation and Site Selection for the 10th consecutive year by Site Selection Magazine
- Chicago announced as the 2024 Democratic National Convention host city and is expected to see more than 50,000 visitors generating more than $200MM of economic activity over the roughly four-day event
- Ideally located in the Chicago MSA, home to approximately 9.4MM people – the third largest MSA in the US – while being located outside of Cook County, limiting tax liability for a prospective owner