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Classic Auction - Hospitality

REO | Best Western Plus Bolingbrook

225 W S Frontage Road, Bolingbrook, IL 60440

  • Asset Type
  • Real Estate
  • Property Type
  • Hospitality
  • Land Area
  • NA
  • Year Built
  • 1996
  • Year Renovated
  • 2018
  • Number of Floors
  • 3
  • Number of Buildings
  • 1
  • Parking Count
  • 54
  • Hospitality Type
  • Limited Service
  • Number of Rooms
  • 98 Rooms
  • Function Space Area
  • 650 Sq Ft

Best Western Plus Bolingbrook

Investment Highlights

  • Opportunity to buy a Lender owned asset with significant upside
  • Offered unecumbered of management
  • Excellent location surrounded by demand drivers
  • Strong economy county wide
  • Limited supply pipeline
  • Amazon is developing a new distribution center behind the property

 

The Offering

Berkadia Hotels & Hospitality ("Berkadia"), in conjunction with RI Marketplace, is pleased to offer for sale the 98-room Best Western Plus Bolingbrook. The Hotel is located within five miles of Bolingbrook’s top employers, including WeatherTech headquarters, Ulta Beauty Headquarters, AMITA Health Adventist Medical Center, G&W Electric headquarters, Menasha, Ferrara Candy, and more.

Will County is already the largest inland container port in the country and is rapidly becoming the third largest maritime port in North America in terms of container volume. In addition to its leading role in the logistics sector boasting more than 88 million square feet of warehouse space, Will County is one of the fastest growing counties in the United States. By 2040, The Chicago Metropolitan Agency for Planning estimates that Will County’s population will reach more than 1.2 million up from 691,000 today.

Built in 1996 and converted in 2018, the Best Western Plus is expected to yield a $62.72 RevPAR in 2024, a 91.7% index on TTM May 2019. A new owner will have the opportunity to purchase the asset unencumbered of management and implement a customized business strategy pushing RevPAR.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Scott Bowers

    c/o Fisher Auction Company Inc.

    License: 040000273