Commercial Investment Opportunity
Price
$16,000,000
Off-Market Investment Opportunity: Sheraton Suites Chicago Elk Grove Village
Explore a unique investment opportunity with the Sheraton Suites Chicago Elk Grove Village, an all suite hotel offering the best in the Chicago O'Hare International Airport area. Nestled at the prime location of 121 NW Point Blvd, Elk Grove Village, IL 60007, this property presents a remarkable value-add proposition in the bustling Chicago O'Hare International Airport area.
Property Photos and Financials: https://drive.google.com/drive/folders/1I1WG-4uic7OFIbPbOMv4PnCjlU-NzN38
Key Investment Highlights:
Prime Location:Â Situated on a spacious 9.1-acre lot, this hotel enjoys a strategic position near Chicago's most visited attractions and business hubs, offering easy access to the airport and city of Chicago. The hotel is located just 12 minutes away from Chicago O'Hare International Airport.
Ample Amenities:Â Built in 1989 and partially renovated in 2012, the hotel features 253 rooms all designed meticulously as suites. Rooms feature 2-plasma TVs, high-speed Wi-Fi access and ultra-comfortable beds. On-site restaurant and stylish lounge area, 5,522 sq ft of event space, club lounge, ample parking, sparkling indoor pool, fitness center, and a shuttle to Chicago O'Hare International Airport enhances business and small-scale events accommodating guests' needs efficiently.
Attractive Financials:Â Boasting a 12 month occupancy rate of 63.3%, a 12 month supply of $44.6 M and $28.2M 12 month demand translating to an attractive price per suite based on the total number of rooms.
This off-market listing is a rare chance to acquire a well-located, income-generating asset with significant upside potential through rebranding. Ideal for savvy investors seeking to expand their portfolio with a high-cap property in a sought-after location. For detailed financials, further property details, or to submit an offer, please contact directly at investments@promiselandrealtyllc.com. Seize the opportunity to own a piece of Chicago's hospitality market with promising returns and growth potential.
Aerial View
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PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top