312-576-2011
300 S Frontage Rd, Burr Ridge, IL for Sale
Hospitality - FOR SALE
1/1
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300 S Frontage Rd
Burr Ridge, IL 60527


HIGHLIGHTS

  • Great Location!
  • Lots of Local Developments!
  • Fee simple interest in the 123-room lender-owned Crowne Plaza Burr Ridge Chicago
  • Offered unencumbered by debt and third-party management at a significant discount to replacement cost
  • Qualified franchisees can retain the Crowne Plaza franchise through a new long-term relicense agreement with IHG upon completion of the PIP
  • Strong operational upside for prospective owners with the hotel under receiver and lender control since 2021

OVERVIEW

Alchemy Real Estate Advisors is pleased to offer for sale a fee simple interest the 123-room, lender-owned Crowne Plaza Chicago SW Burr Ridge, IL. The hotel entered receivership in February 2020, and a foreclosure was completed in September 2021. The hotel is franchised through a license agreement with IHG, and a third-party management company operates it. The hotel is being offered, unencumbered by debt and management, at a significant discount on replacement costs. It will be sold at the December 11th auction event.

FOR SALE DETAILS

PRICE

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# OF ROOMS

123

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crowne Plaza Chicago SW - Burr Ridge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1968

PARKING SPACES

420

LAND DETAILS

LAND ACRES

4.61 AC

LAND SF

200,812 SF

ZONING

B-2

APN/PARCEL ID

09-25-211-001

ASK ABOUT THIS PROPERTY

Adam MontufarAlchemy Real Estate Advisors, LLCMore Info
312-576-2011

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Adam MontufarAlchemy Real Estate Advisors, LLCMore Info
312-576-2011

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