Hawthorn Suites Bloomington

$5,950,000

1 Lyon Ct, Bloomington, IL 61701

Details

  • $5,950,000
  • Extended Stay , Midscale

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale the Hawthorn Suites by Wyndham in Bloomington, Illinois. The 73-room extended stay hotel, built in 2000, features an indoor pool, bar/lounge area, and gaming machines that produce additional income to the bottom line. This investment opportunity is being offered for sale at $5,950,000 or about $81,507 per key. This subject hotel is highly visible off Interstate 55 and is surrounded by multiple demand generators with many new retail, restaurants, and shopping coming nearby.

Property Overview:

The Hawthorn Suites Bloomington is a 73-room, three-story, interior corridor hotel. Built in 2000, this extended stay hotel offers many common area and guest room features with spacious rooms that are equipped with a microwave, refrigerator, kitchenette with cookware, work desk, flat-screen television, and sofa bed. The hotel’s common area amenities feature an indoor pool, fitness center, business center, a conference space, and multiple meeting rooms. The hotel also has five gaming machines that generate income to the bottom line. In the lobby, the property has a bar/lounge that operates each day providing beverages to guests and/or guests using the gaming machines. The hotel was last renovated in 2016.

Location Overview:

Bloomington, Illinois is a city located in McLean County, 65 miles northeast of the state capital, Springfield. The Hawthorn Suites Bloomington is positioned off Interstate 55 and Highway 150. The hotel is located near many revenue generators including shopping centers like the Landmark Plaza Shopping Center (3.7 miles), Eastland Mall (4.4 miles), and the Shoppes at College Hills (5.1 miles). Other demand producers that bring revenue to the city include institutions like Illinois Wesleyan University (2.5 miles) and Illinois State University (3.1 miles). Attractions and parks like Friendship Park (1.5 miles), Miller Park Zoo (2.4 miles), Pepsi Ice Center (3.7 miles), and the Children’s Discovery Museum (4.2 miles) also bring a great deal of business to the city. The hotel is conveniently located close to many of the city’s major employers that comprise of Afini (0.3 miles), Aerus Electrolux (2.6 miles), Advocate BroMenn Medical Center (three miles), OSF St Joseph Medical Center (4.3 miles), and Nestle (five miles).

Agent for this listing

Ebrahim Valliani

Senior Associate, National Hospitality Group
Office: (630) 570-2177
Mobile: (773) 331-5340
Fax: (773) 867-1510 fax
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Michael Klar

Associate, National Hospitality Group
Office: (630) 570-2175
Mobile: (248) 914-2183
Fax: (773) 867-1510
Other listings

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