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For Auction

Institutional Seller | Fairfield Inn Joliet South

1501 Riverboat Center Drive,
Joliet, IL 60431
Represented by
HREC

Asset Snapshot

Real Estate
Asset Type
Hospitality
Property Type
64
Number of Rooms

Offering Summary

Investment Highlights

  • Chicagoland's Active Logistics and Industrial Corridor: Adjacent to Amazon and IKEA fulfillment centers, ExxonMobil refinery operations, and the largest inland port in the U.S.
  • 64-Room Fairfield Inn, Fee Simple, Clear of Management: Institutionally owned asset offered unencumbered, giving a new owner immediate full operational control at close.
  • Brand Optionality — Reposition or Retain Marriott Flag: New owner may pursue an alternative brand strategy, creating a repositioning opportunity within the Joliet submarket.
  • Casino and Raceway Demand Drive Leisure Room Nights: Hollywood Casino, Harrah's Joliet, Chicagoland Speedway, and Route 66 Raceway generate consistent, year-round leisure visitation.
  • Middle-Tier RevPAR with Operational Upside Identified: Current comp set positioning signals top and bottom-line opportunity through hands-on revenue management and cost control.
  • 270M-Member Marriott Bonvoy Loyalty Network: Fairfield affiliation drives consistent booking demand and broad marketing reach through Marriott's global platform.
 


Offering Summary

RealINSIGHT Marketplace, in partnership with HREC Investment Advisors, is pleased to present 1501 Riverboat Center Dr, Joliet, IL — a 64-room Fairfield Inn offered fee simple and free and clear of management. The Property is institutionally owned and managed, well-maintained with recent renovations completed, and sits directly off I-80 in one of Chicagoland's largest southwest suburbs. A new owner may elect to pursue an alternative branding strategy, unlocking a repositioning opportunity not commonly available in branded limited-service transactions.

The Hotel benefits from one of the most logistics-dense demand bases in the Midwest, with Amazon and IKEA fulfillment centers, ExxonMobil refinery operations, and the largest inland port in the United States all in close proximity. Leisure demand is anchored by Hollywood Casino, Harrah's Joliet, Chicagoland Speedway, and Route 66 Raceway, which collectively drive nationally recognized events throughout the year. Healthcare demand from Silver Cross Hospital and Ascension Saint Joseph Medical Center provides stable year-round visitation. With no near-term competitive supply pressure and a well-established demand base, the asset presents a compelling opportunity for an operationally focused buyer to capture meaningful performance upside in a fundamentally strong submarket.


Property Tours 

Property tours are available by appointment only on July 22–23 and July 29–30. Please reach out to the HREC team to schedule.


Designated Managing Broker – Tom Sommer, IL License: 471016552

Due Diligence

Transaction Managers

Platform Fee

Buyer pays platform fee at closing.

5% or $25,000 minimum

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Sold Subject To

This auction has ended. Interested in additional investment opportunities?
Financing Available

Investment Sales Brokers

Tom Sommer
HREC
IL License: 471016552

Debt Placement Broker

Greg Porter
HREC Investment Advisors

Disclaimers

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.