- Prime Location in Mt. Vernon, IL: Marcus & Millichap offers the Super 8 by Wyndham Mt. Vernon for $3,795,000 ($61,210 per key). The hotel is ideally located at the intersection of I-57 and I-64, with approximately 60,000 vehicles passing daily, ensuring high visibility and access.
- Revenue-Generating Asset: The 62-room, three-story hotel includes family-sized rooms and a breakfast area. A new restaurant lease will generate an additional $1,500/month, enhancing the property’s income potential.
- Economic Drivers in the Area: Mount Vernon is home to major employers like Continental Tire, Walgreens Distribution Center, and nearby hospitals, ensuring steady lodging demand from business travelers, workers, and medical visitors.
- Recreational and Cultural Attractions: The hotel benefits from proximity to popular attractions like the Cedarhurst Center for the Arts, Rend Lake, and local golf courses, supporting tourism and leisure demand.
- Strong Regional Connectivity: Located within the St. Louis MSA, the hotel is well-positioned for access to major highways and airports, attracting both transient and long-term guests from regional and national markets.
- Strong Market Position and Strategic Investments Drive Profitability: In 2024, the hotel achieved 126% RevPAR penetration, strengthening its market position. Recent bathroom renovations enhance the guest experience, likely boosting occupancy and revenue. These improvements offer investors increased cash flow and higher profitability potential.
- Recent Capital Expenditures: The hotel has completed comprehensive renovations to modernize all guest bathrooms, enhancing the overall guest experience. This strategic investment strengthens the hotel's competitive position, likely increasing occupancy rates and driving higher overall revenue.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Super 8 by Wyndham Mt. Vernon IL (‘Hotel’ or ‘Property’) located in Mt. Vernon, Illinois. The Wyndham Hotels & Resorts-branded Hotel is offered at $3,795,000 or $61,210 per key.
The Super 8 by Wyndham in Mt. Vernon, IL is a three-story hotel with 62 rooms, located at 401 South 44th Street, Mt. Vernon, Illinois. The property is situated at the intersection of I-57 and I-64, which sees an annual average daily traffic of approximately 60,000 vehicles. The property offers amenities including a breakfast room and family-sized rooms. Each guest room features the Super 8 Innovate design package. A new restaurant is set to open soon on the property, and the new owner will generate $1,500 per month in rental income from a recently signed five-year lease agreement.
In 2024, the hotel achieved 126% RevPAR penetration, strengthening its market position. Recent bathroom renovations enhance the guest experience, likely boosting occupancy and revenue. These improvements offer investors increased cash flow and higher profitability potential.
Mount Vernon, Illinois, benefits from its strategic positioning within the St. Louis, MO-IL Metropolitan Statistical Area (MSA), enhancing its economic connectivity to a broader regional market. The city is situated at the critical intersection of Interstate 57 (linking Chicago to Memphis) and Interstate 64 (connecting St. Louis to Louisville), making it a pivotal hub for commercial transport and travel. US Route 50 and Illinois Route 37 further augment the area’s accessibility, attracting both business travelers and transient guests. Nearby air travel access is provided by Marion Williamson County Regional Airport, located 39 miles away, and Lambert-St. Louis Airport, 84 miles away.
Healthcare is a vital economic driver in the region. SSM Health Good Samaritan Hospital (1.5 miles), a 134-bed facility, provides advanced services in cardiac, oncology, orthopedics, and emergency care. Crossroads Community Hospital (0.9 miles), with 47 beds, delivers acute care, emergency services, and outpatient procedures. Together, these hospitals employ over 1,000 individuals and draw patients and their families from surrounding rural communities, generating consistent lodging demand.
The industrial sector is anchored by Continental Tire Mt. Vernon (5.1 miles), which operates one of the largest tire manufacturing plants in the U.S. on a 48-acre site, employing over 3,000 workers. The Walgreens Distribution Center (1.9 miles) further supports the logistics landscape with a workforce exceeding 1,200 employees. Additional major employers include National Railway Equipment (NREC – 3.7 miles), and Magnum Steel Works (1.9 miles) and Pepsi MidAmerica Mt. Vernon Depot (1.2 miles).
Mount Vernon also offers cultural and recreational demand generators. The Cedarhurst Center for the Arts (2.6 miles) attracts over 70,000 visitors annually, serving as a regional cultural destination, featuring a sculpture park, children’s gallery, and contemporary work exhibitions. Additional recreational and leisure attractions include Rend Lake (20.3 miles), Green Hills Golf Club (6.4 miles), Indian Hill Golf Course (2.9 miles) and Rend Lake Golf Course (18.5 miles) Family-friendly sites such as the Aquatic Zoo Water Park (1.8 miles) and the Jefferson County Historical Village (2.6 miles) further enhance the area's appeal.
