Knights Inn Chicago MSA

$2,850,000

12808 S Ashland Ave, Calumet Park, IL 60827

Details

  • $2,850,000
  • Limited Service

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Knights Inn located in Calumet Park, Illinois. The Knights Inn is a 92-room, interior corridor, three-story hotel located directly off Interstate 57. This property has great visibility off the highway with a monument sign on site. This property was converted to a Knights Inn at the end of 2017. Through the¬†first quarter of 2018, room revenue is up nearly 10 percent, since converting from an independent hotel. In addition to raising RevPAR, the hotel offers a significant amount of upside for a new, more hands-on owner to reduce expenses and increase their net operating income. The hotel has a liquor/gaming license pending that should be approved in the near future.

Property Overview:

The Knights Inn is a three-story, 92-room, interior corridor hotel located in Calumet Park, Illinois. The hotel offers many guestroom amenities including air conditioning, high-speed wireless internet, a 32-inch flat-screen television with cable channels, free bus/truck parking, and kitchenettes available; self-service laundry is also available.

Location Overview:

The Knights Inn is located off the 57 expressway in Calumet Pak close to the Chicago suburbs. The hotel is positioned less than 17 miles from Chicago city center and near many demand generators including the Harvey Community Center (3.7 miles), Bronzeville Children’s Museum (8.3 miles), Trinity Christian College (7 miles), Veterans Memorial Park (10.1 miles), University of Chicago (11.3 miles), and the United Center (18.6 miles). It also is within driving distance of two of the major employer headquarters in the area, Archer Daniels Midland Company and Boeing located 18 miles away.

Agent for this listing

Ebrahim Valliani

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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