As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Super 8 by Wyndham Deerfield/Northbrook ("Hotel" or "Property") located at 340 S Waukegan Road in Deerfield, Illinois. The economy, Wyndham 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 2.35 acres, the Property features 115 guest rooms across three stories within an approximately 37,728-square-foot building. Originally constructed in 1988, the Hotel offers a practical amenity package designed to accommodate both business and leisure travelers, including complimentary breakfast, free high-speed Wi-Fi, on-site laundry facilities, pet-friendly accommodations, and 117 parking spaces.
The Hotel benefits from a diverse lodging demand base generated by corporate travel, higher education, retail destinations, tourism, and regional leisure attractions in Cook and Lake Counties. Located near the Deerfield Business Center, the Property captures year-round business travel from corporate employees, consultants, vendors, and visitors serving numerous companies throughout Chicago's affluent North Shore corridor. Major nearby employers include Walgreens Corporate Headquarters, Fortune Brands Innovations, Medline Industries, and Allstate, all of which generate consistent weekday lodging demand from business travelers, training programs, meetings, and corporate events. The Property is also six miles from Trinity International University, supporting visitation from students, families, faculty, and university related programs. Nearby shopping demand is anchored by Northbrook Court and Deerbrook Shopping Center, which attract visitors from throughout Chicago's North Shore communities. The nationally recognized Chicago Botanic Garden generates substantial year-round visitation through exhibits, educational programming, seasonal events, and special attractions. Moreover, the Hotel is positioned less than five miles from the renowned Ravinia Festival, one of the country's premier outdoor music venues attracting thousands of visitors annually for concerts and cultural events. Family-oriented visitation is further supported by Six Flags Great America, LEGOLAND Discovery Center Chicago, Funtopia Glenview, and the Skokie Lagoons recreation area, creating a consistent source of regional and out-of-market leisure travel. The Hotel’s location also provides convenient access to downtown Chicago's shopping, sports, entertainment, dining, and cultural attractions.
The Deerfield and Northbrook markets continue to rank among the most desirable and economically resilient suburban areas within the Chicago metropolitan region. Conveniently located near Interstate 94 and approximately 17 miles from Chicago O'Hare International Airport, the Property benefits from excellent regional connectivity and access to one of the nation's largest transportation hubs. The Deerfield and Northbrook economies are anchored by a diverse mix of corporate, healthcare, education, retail, and professional service employers. Major corporations throughout the surrounding area include Walgreens Boots Alliance, Baxter International, Caterpillar, Crate & Barrel, Astellas Pharma, UL Solutions, and numerous other nationally recognized companies that generate substantial corporate lodging demand. Supported by a combination of corporate employment, higher education, retail destinations, and tourism attractions, the Super 8 by Wyndham Deerfield/Northbrook offers investors the opportunity to acquire a well-positioned hospitality asset within one of the Midwest's strongest lodging markets.
INVESTMENT HIGHLIGHTS
- Strong Wyndham Brand Affiliation: Operates Under the Recognized Super 8 by Wyndham Brand with Broad National Customer Awareness.
- Prime Chicago North Shore Location: Positioned Within the Affluent Deerfield and Northbrook Submarket.
- Interstate and Airport Connectivity: Near Interstate 94 and Approximately 17 Miles from Chicago O'Hare International Airport.
- Major Corporate Headquarters Market: Near Walgreens Corporate Headquarters, Fortune Brands Innovations, Medline Industries, and Allstate.
- Higher Education Demand Generator: Near Trinity International University, Supporting Academic and University-Related Travel.
- Premier Shopping Destinations: Close to Northbrook Court, Gurnee Mills, and Numerous Retail Corridors.
- Six Flags Great America Exposure: Benefits from One of the Midwest's Leading Amusement and Entertainment Destinations.
- Established Tourism Market: Near Chicago Botanic Garden, LEGOLAND Discovery Center Chicago, and Other Family-Oriented Attractions.
FINANCIAL HIGHLIGHTS
- Climbing Submarket RevPAR: As of year-end 2025, the 12-month average RevPAR in the Chicago North Hotel Submarket increased by over 7.0 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.
- Heightened Room Revenue: Between year-end 2024 and year-end 2025, the hotel experienced a notable 11.8 percent increase in room revenue. This trend presents several advantages for potential buyers, including additional capital for renovations and enhanced cash flow.
- Fee Simple Acquisition: The hotel provides full ownership and operational control, enabling independent financing and management. This structure typically supports long-term property appreciation, making it a compelling investment opportunity.
BROKER OF RECORD:
STEVEN WEINSTOCK
Illinois
6305702250
License: 471.011175
