Comfort Inn & Suites Springfield I-55
80 Room Hotel | Springfield, IL 62703 | $7,400,000 ($92,500/Room)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $7,400,000
- Property Type
-
Hospitality
- Square Feet
- 48,325 SF
Listing Contacts
Radha Patel
Verified Profile
- Property Info
Property Overview
The Comfort Inn & Suites Springfield I-55 presents a compelling investment opportunity in a thriving market. Strategically located off Interstate 55, this hotel offers convenient access to Springfield's business district, government offices, and popular attractions.
With a proven track record of guest satisfaction and a strong reputation within the Choice Hotel brand, this property boasts a loyal customer base and consistent occupancy rates. The hotel's modern amenities, including a heated indoor pool, fitness center, and complimentary hot breakfast, cater to both business and leisure travelers.
Benefits from a growing economy, upcoming development projects, and proximity to major events. A new development of eight multipurpose outdoor, lighted, turf fields, and a 190,000 square-foot indoor sports dome, the sports mega-plex will offer something for everyone with a planned opening in 2025. The hotel's consistent occupancy rates and robust revenue streams provide a stable income stream for investors. Potential to increase revenue through strategic rate adjustments, enhanced marketing efforts, and operational improvements.
As the state capital of Illinois, Springfield offers a stable and growing economy, driving demand for quality accommodations. The Comfort Inn & Suites Springfield I-55 is well-positioned to capitalize on this market potential and generate substantial returns on investment.
With a proven track record of guest satisfaction and a strong reputation within the Choice Hotel brand, this property boasts a loyal customer base and consistent occupancy rates. The hotel's modern amenities, including a heated indoor pool, fitness center, and complimentary hot breakfast, cater to both business and leisure travelers.
Benefits from a growing economy, upcoming development projects, and proximity to major events. A new development of eight multipurpose outdoor, lighted, turf fields, and a 190,000 square-foot indoor sports dome, the sports mega-plex will offer something for everyone with a planned opening in 2025. The hotel's consistent occupancy rates and robust revenue streams provide a stable income stream for investors. Potential to increase revenue through strategic rate adjustments, enhanced marketing efforts, and operational improvements.
As the state capital of Illinois, Springfield offers a stable and growing economy, driving demand for quality accommodations. The Comfort Inn & Suites Springfield I-55 is well-positioned to capitalize on this market potential and generate substantial returns on investment.
Property Details
- Class
- C
- Year Built/Renovated
- 1987/2014
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 142,441 SF
- Units
- 80
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