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Off Market
1/18

250 W Schick Rd
Bloomingdale, IL 60108


HIGHLIGHTS

  • Available well below replacement cost, at only $25K/room
  • Unencumbered by franchise, allowing complete flexibility with branding
  • Excellent value-add opportunity for hotel, restaurant, bar, pool and spa on 14.7 acres plus adjacent 5-acre parcel
  • Concrete structure, six stories, 300 rooms
  • Significant upside as property currently underperforming at 54.7% RevPAR Index for 2019, property did over $12M in revenue in 2016 as a Hilton

OVERVIEW

CBRE Hotels is pleased to be the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the Indian Lakes Hotel in Bloomingdale, Illinois. Formerly the Hilton Resort, this is an excellent value-add opportunity for the hotel, restaurant, bar, pool & spa. Conveniently located less than 30 minutes from O’Hare International Airport and 40 minutes from downtown Chicago, the hotel affords business and leisure guests with an accessible location to explore and navigate the area. The hotel is being offered unencumbered of management/franchise enabling a new owner to grow the hotel’s RevPAR and reposition as they choose.

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

STATUS

Under Renovation

BUILDING DETAILS

PROPERTY NAME

Ascend Hotel Collection Prairie Lakes Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

206250

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1980

PARKING SPACES

264

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RRPP, Bloomingdale

APN/PARCEL ID

02-16-400-035,02-16-400-036