1177 S Northpoint Blvd - Hospitality FOR SALE
Waukegan, IL 60085 |
1177 S Northpoint Blvd
Waukegan, IL 60085
HIGHLIGHTS
- Fee-simple interest in the corporate managed 121-room Red Roof HomeTowne Studios Chicago Waukegan.
- Available for individual sale as part of a larger five property portfolio in the September 5th auction event.
- Ability to purchase any combination of the five assets, affording buyers the opportunity to capitalize on strong operating economies of scale.
- Strong in-place market performance with trailing-24-month year-over-year average ADR gains of +13%.
- Offered unencumbered of brand, debt, and management - with a variety of alternative brand options available for conversion.
- Opportunity to explore alternative uses, including a potential residential conversion.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Red Roof HomeTowne Studios Chicago Waukegan
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
182760
STORIES
3
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1997
PARKING SPACES
115
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
R/LI
APN/PARCEL ID
07-36-203-025,07-36-203-026
