1806 Bittle Pl - Hospitality FOR SALE


Marion, IL 62959
$2,950,000 USD
818-357-5156
1806 Bittle Pl, Marion, IL for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1806 Bittle Pl
Marion, IL 62959


HIGHLIGHTS

  • 3 Story, Interior Corridor Hotel with Elevator
  • 93 Rooms
  • Located off Interstate 57 in One of the Fastest Growing Areas in Illinois
  • Significant Upside Potential to Capture a Greater Share of the Market (RevPAR Index 51%)
  • 2024 Revenue: $803,837
  • Asking 3.6x

OVERVIEW

The Econo Lodge is a 93 Unit, 3-Story Interior Corridor Hotel Located in Marion, IL. The hotel has a consistent revenue history with 3-year average revenue exceeding $800,000. STR data indicates additional upside potential to capture a greater share of the market, with a RevPAR Index of 51%. The Hotel has undergone significant renovations recently and is current on all PIP requirements. As a 3-story interior corridor hotel with elevators, this is an excellent conversion opportunity to the available midscale flags. Marion, Illinois, a thriving city of 16,000 residents, is a commercial hub at the intersection of Interstate 57, Illinois Route 13, and U.S. Route 37, with over 70,000 vehicles passing daily and connections to major cities like Chicago, St. Louis, and Nashville. As the county seat of Williamson County, it hosts major employers such as Heartland Regional Medical Center, Aisin Manufacturing Illinois, Pepsi Mid-America, and FedEx. Interested buyers are invited to contact us for further information, to schedule a property visit, or to submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$49 USD /SF

# OF ROOMS

93

PRICE/ROOM

$31,720 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Marion

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

93

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

commercial

APN/PARCEL ID

06-14-233-011

ASK ABOUT THIS PROPERTY

Eric WoldAmber Hotel CompanyMore Info
818-357-5156

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Eric WoldAmber Hotel CompanyMore Info
818-357-5156

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.