- Upper Midscale Brand Affiliation: A three-story, 86-room Holiday Inn Express & Suites situated on approximately 2.12 acres.
- Recent $4 Million Comprehensive Renovation: Completed across 2023 and 2024, the hotel underwent extensive interior and exterior upgrades, including fully renovated guest rooms, meeting space, and significant parking lot improvements, resulting in a minimal anticipated PIP for a new owner.
- IHG Hotels & Resorts Platform: Globally recognized brand with strong reservation systems and loyalty program support.
- Corporate Demand Drivers: Proximity to Young Innovations headquarters and other regional businesses supporting weekday occupancy.
- Retail and Lifestyle Attractions: Located near Algonquin Commons, a major open-air shopping and dining destination.
- Outdoor Recreation Demand: 28 miles from the Fox River recreation corridor, offering boating, fishing, and trail activities.
- Event and Festival Visitation: Founders’ Days festival and community events generate seasonal lodging demand.
- Sports and Recreation Facilities: Near Snapper Field baseball complex, Lions Armstrong Memorial Pool, and Exner Marsh Nature Preserve.
- Airport Accessibility: Approximately 29 miles from Chicago O’Hare International Airport supporting regional and corporate travel.
- Comprehensive Guest Amenities: Indoor pool, fitness center, business center, guest laundry, and meeting space supporting both business and leisure travelers.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Chicago–Algonquin (‘Hotel’ or ‘Property’) located at 2595 Bunker Hill Drive in Algonquin, Illinois. The upper midscale IHG Hotels & Resorts–branded hotel is offered on a “Request for Offers” basis. Please reach out to the listing agent for more information.
Situated on approximately 2.12 acres, the select-service hotel features 86 guest rooms across three stories and encompasses approximately 49,009 square feet. The Property was originally constructed in 2001 and offers a variety of common area amenities, including an indoor swimming pool, fitness center, business center, on-site guest laundry, and approximately 690 square feet of meeting space.
The Property benefits from proximity to several nearby demand generators that support consistent lodging demand. Corporate travel is supported by Young Innovations headquarters, while retail and dining traffic is driven by Algonquin Commons, a major open-air lifestyle shopping mall. Nearby event-driven visitation stems from Founders’ Days, one of the region’s largest annual festivals, along with sports and recreation facilities such as Snapper Field baseball complex, Lions Armstrong Memorial Pool, and Exner Marsh Nature Preserve. Recreational and tourism demand is generated by regional attractions like the Fox River corridor (28 mi), which offers outdoor activities including boating, kayaking, fishing, and trails. The Hotel also benefits from convenient access to regional transportation infrastructure and is located approximately 29 miles from Chicago O’Hare International Airport, supporting both corporate and transient travel demand.
Algonquin, Illinois, is a rapidly growing northwest suburb of Chicago located primarily within McHenry and Kane counties, approximately 45 miles northwest of downtown Chicago. The community benefits from strong regional connectivity, access to major transportation corridors, and a highly desirable suburban environment that supports residential and commercial growth. Algonquin is part of the broader Chicago metropolitan economy, one of the largest and most diverse in the United States, with key sectors including professional services, manufacturing, healthcare, logistics, and technology. The local economy is supported by a mix of corporate employers, retail centers, and recreational amenities that contribute to steady visitation. Top employers in the region include Centegra Health Systems, Snap-On Tools Co., Young Innovations, and Fermi Research Alliance, which operates a particle accelerator and research facility with about 1,700 employees. With its strong suburban demographics, expanding commercial base, and proximity to major Chicago-area employment centers, Algonquin remains an attractive and resilient lodging market within the greater Chicago metropolitan region.
BROKER OF RECORD
Steven Weinstock
Illinois
Lic #: 471.011175
P: (630) 570-2200
