Paramount Lodging Advisors (PLA) Presents Courtyard by Marriott Elmhurst/Oakbrook, Elmhurst, IL

Written By Brandon Barba

Paramount Lodging Advisors (PLA) is pleased to present the 140-key Courtyard by Marriott Elmhurst/Oakbrook, a fee-simple, third-party managed full service hotel located at 370 N Route 83 in Elmhurst, Illinois, within DuPage County and the greater Chicagoland MSA. The offering is exclusively represented by Suzanna Farley Aldrich, Director, Raheel Moolji, Managing Director, Carter Benedict, Senior Associate, and Deep Dave, Senior Associate, of Paramount Lodging Advisors.

The asset is offered unencumbered of debt and management, providing new ownership full operational flexibility at closing. Primary upside exists in closing the property's RevPAR gap to its competitive set. The hotel currently ranks 4 of 7 in RevPAR with trailing twelve month occupancy of 62.0% against market occupancy of 66.7%, while the market has produced roughly 6% RevPAR growth over consecutive twelve month spans. A hands-on owner-operator or a new management platform has a direct path to capturing that spread. The Marriott affiliation may be retained through a new 10 year license agreement, subject to brand approval and completion of change of ownership PIP requirements.

The hotel completed its most recent renovation in 2023 and sits on 4.46 acres with 242 parking spaces, including truck and bus parking. Guest rooms are configured as 73 kings, 54 double doubles, 12 suites, and one executive suite. Amenities include The Bistro with seating for 55, 2,614 square feet of meeting space, an indoor pool and whirlpool, fitness center, business center, convenience store, and on-site guest laundry.

Investment Highlights

  • Fee-simple interest in the 140-key Courtyard by Marriott Elmhurst/Oakbrook, currently third-party managed

  • Offered unencumbered of debt and management, allowing for immediate operational flexibility

  • Ability to retain the Marriott flag through a new 10 year license agreement, subject to brand approval and completion of change of ownership PIP requirements

  • Clear RevPAR upside with the hotel ranked 4 of 7 in its competitive set at 62.0% occupancy against 66.7% market occupancy

  • Market has delivered approximately 6% RevPAR growth over consecutive twelve month periods

  • Most recent renovation completed in 2023

  • Full service platform including The Bistro, 2,614 square feet of meeting space, indoor pool, whirlpool, fitness center, and business center

  • .46 acre site with 242 parking spaces, including truck and bus parking, on a hard corner along Route 83

  • Located in DuPage County outside of Cook County, pairing full access to metro demand with a lighter tax burden for ownership

Location Advantages

  • Located in Elmhurst, Illinois, within DuPage County and the broader Chicagoland MSA, home to approximately 9.5 million residents

  • Positioned at the intersection of Route 83 and Route 64 with immediate access to Interstate 290 and Interstate 355, the primary commuter and commercial corridors of DuPage County

  • Proximate to Chicago O'Hare International Airport, the busiest airport in the United States in 2025, with nearly 860,000 aircraft operations annually

  • Minutes from Oakbrook Center, a premier regional retail and dining destination

  • Near Elmhurst University and Elmhurst Hospital, generating consistent education and healthcare related demand

  • Convenient to Enchanted Castle Entertainment Center, Safari Land Indoor Amusement Park, Brookfield Zoo, and Paradise Bay Water Park, supporting weekend and leisure visitation

  • Accessible to the Midwest Conference Center and Odeum Expo Center, drawing group and event demand into the submarket

  • Surrounded by recreation assets including White Pines Golf Club, The Preserve at Oak Meadow, Berens Park, and Addison Ice Arena

  • Additional access to Midway International Airport and the full Chicago metropolitan demand base

Paramount Lodging Advisors (PLA) is a national hotel brokerage and advisory firm specializing in hospitality asset sales, debt and equity placement, and value-enhancement strategies. For more information, visit https://reverecre.com/projects

To connect with Suzanna, Raheel, Carter, and Deep regarding this offering, visit: https://paramountlodging.com/team

Brandon Barba
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