TownePlace Suites by Marriott Chicago Waukegan Gurnee

Listing Agents

Lora Simpson
T | 515.729.4516
[email protected]

Rob Willard
T | 314.306.2119
[email protected]

Mike Schlictman
T | 803.920.4173
[email protected]

Andrew Makhlouf
T | 312.610.9067
[email protected]

Detailed Information
Property Highlights
  • Fee simple interest in the 96-room, 2021-build TownePlace Suites by Marriott Chicago Waukegan/Gurnee
  • All suite hotel available unencumbered by debt and management
  • Minimal PIP expected with new long-term Marriott license available
  • Strong in-place performance with more than $1MM in NOI and T12 RevPAR above $100
  • Heavily trafficked location between Interstate 94 / State Road 120 / State Road 41 with more than 200,000 vehicles passing the hotel daily
  • One mile from Lake County’s newest business park, Bridge Point North Business Park, an industrial development covering 225 acres and boasting almost 3MM SF of office, manufacturing, technology, life sciences, and distribution space
  • Proximate to local corporate headquarters including Abbott Laboratories and AbbVie who collectively employ almost 200,000 people and cover 22MM SF of medical, research, and office space
  • Minutes from all leisure demand including American Place Casino, Six Flags Great America which sees more than 2.6MM guests annually, Great Wolf Lodge’s 80,000 SF indoor water park, and Gurnee Mills Shopping Center which sees more than 20MM visitors annually
  • Convenient access to Vista Medical Center, a 228-bed comprehensive healthcare facility with specialties in stroke care, bariatric surgery, and sleep disorders
  • Readily accessible to Great Lakes Naval Base, the United States Navy’s only boot camp, and home to Recruit Training Command, Training Support Center, and Navy Recruiting District
  • Chicagoland ranked as Top Metro in the US for Corporate Relocation and Site Selection for the 10th consecutive year by Site Selection Magazine
  • Easily accessible to O’Hare International Airport, the 5th busiest airport in the country and currently undergoing an $8.5BB expansion and modernization project
  • 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 new owner
Location

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