1 minute read CBRE Hotels
CBRE is the unique representative in connection with the solicitation of deals to obtain the fee-simple interest in the152- space Sonesta Select hotel situated in the Chicago Suburb of Arlington Heights, IL. The Sonesta Select in Arlington Heights, IL is easily available off IL68/ Dundee Road, north of Interstate90 through IL53 The hotel uses Buyers an exceptional chance to get a152- space home with considerable benefit in an extremely searched for market.
Investment Highlights
- Built in 1990 as a Courtyard by Marriott, 4 Stories,152Rooms
- As a Courtyard, completed2019 at:
- 639% Occ @$9734 ADR (December2019 STR):
- $ 3.45M in Room Revenue, practically $3.9 M in Total Revenue
- Finished 2022 as a Sonesta Select (December 2022 STR)
- 331% Occ @ $9277 ADR=$3073 RevPAR
- RevPAR Index of 60.9%, Comp Set RevPAR of $5043
- Excellent Potential Conversion Opportunity!
- Spark by Hilton (PIP in Virtual Deal Room)
- Comfort Inn (PIP in Virtual Deal Room)
- Less than 5 miles to proposed brand-new Chicago Bears Stadium (redevelopment of the previous Arlington Racecourse)! Near to:
- Schaumburg Convention Center and Woodfield Mall (10 Minutes)
- Allstate Arena (20 Minutes)
- Chicago O’Hare International Airport (20 Minutes)
- Downtown Chicago (45 Minutes)
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