Newly Renovated, Brand Name Hotel
Chicago, Illinois
Asking Price: |
Gross: |
Cash Flow: |
$27,000,000 |
$6,150,000 |
$2,289,000 |
Furniture and Fixtures Value:
$22,000,000 (included in the asking price)
Real Estate:
$0 (included in the asking price)
Business Summary:
We represent a rare passive investment opportunity in an affluent Chicago suburb. This fully completed, top brand name hotel has been fully renovated to the fine standards of a luxury hotel. Improvements include business meeting rooms, luxurious accommodations and a very large banquet hall which can seat 250 people. The renovation was completed in 2018 and the Hotel is fully operational with a top-rated management company in place. A new owner or group will see healthy returns on their passive investment. This 120+ room hotel is on pace to have sales of $6,150,000 with earnings $2,289,000. Detailed financials are available for qualified candidates only. Please ask for listing #14114 when inquiring about this opportunity.
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