Paramount Lodging Advisors (PLA) Presents Spark by Hilton Springfield, IL

Written By Ines Rahmani

Paramount Lodging Advisors (PLA) is pleased to present the fee-simple opportunity to acquire the 62-room Spark by Hilton Springfield, a recently renovated, third-party managed select-service asset located in Springfield, Illinois.

The offering provides investors with the opportunity to acquire a Hilton-branded asset in the Illinois state capital, supported by stable government, healthcare, and institutional demand. Following its recent Spark conversion, the property has demonstrated a positive revenue trajectory and offers additional upside through hands-on management and continued market growth.

The asset is further positioned to benefit from the May 2026 opening of the $65 million Scheels Sports Park at Legacy Pointe, a major regional sports and event destination located approximately four miles from the hotel.

Tour Dates

  • Wednesday, April 1

  • Thursday, April 2

Call for Offers

  • Friday, April 10

This offering is represented by Senior Associate Carter Benedict, along with Principals Andrew Makhlouf and Mike Schlictman of Paramount Lodging Advisors.

Investment Highlights

  • Fee-simple interest in a recently renovated 62-room Spark by Hilton

  • Currently operated under third-party management

  • Offered at a significant discount to replacement cost and unencumbered of debt and management

  • Ability to retain the Hilton flag under a new long-term franchise agreement (subject to approval)

  • Opportunity for an owner-operator to enhance competitive positioning and improve operating efficiencies

Strategic Location

Located in Springfield, Illinois — the state capital with a population of approximately 114,000 residents.

  • Immediate access to Interstate 55 and Interstate 72

  • Minutes from the Illinois State Capitol Complex

  • Near Memorial Health and HSHS St. John’s Hospital (900+ combined beds)

  • Proximate to major employers, higher education institutions, and regional demand drivers

For more information, visit: https://platform.reverecre.com/project

To connect with our team regarding this offering, visit: https://paramountlodging.com/team

To stay up to date on our latest listings and firm updates, follow us on LinkedIn.

Ines Rahmani
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