For Sale
$2,400,000

5020 Il-84Thomson, IL 61285

48-Room Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a 48-key, two-story hotel in Thomson, Illinois. The SureStay by Best Western property boasts 24,336 square feet and features an interior corridor design. Built in 1976, this established hotel benefits from its proximity to the Mississippi River (2.7 miles), attracting tourists interested in fishing, boating, and hiking. The property's location offers convenient access to outdoor recreation and the rural charm of Thomson, while also being within two hours of Chicago O'Hare Airport. The hotel's strong performance is reflected in its 2023 total revenue of $1,111,815, representing a significant return on investment. This offering includes a 9-hole golf course, restaurant, and bar, adding further revenue streams and potential for growth. The asking price is $2,400,000, representing a multiple of 2.15x the 2023 total revenue. The property's single building, with its two stories, presents a manageable operation with significant upside potential through hands-on management and capitalizing on the expanding local tourism and business travel markets. This is a rare opportunity to acquire a well-established hospitality business with diverse revenue streams in a desirable location.

Highlights

  • 48-unit SureStay by Best Western hotel with a 9-hole golf course, restaurant, and bar.
  • Two-story building with interior corridors.
  • Significant upside potential through hands-on management.
  • 2.7 miles from the Upper Mississippi River.
  • Two hours from Chicago O'Hare Airport.
  • Offered at 2.15x 2023 gross revenue ($1,111,815).

Property Details for 5020 Il-84

Property type
Hospitality properties, Motels
Square Feet
24,336 SF
Year Built
1976
Buildings
1
Stories
2

Location Insight

City
Thomson
County
Carroll
State
Illinois
Latitude
42.004247842669
Longitude
-90.100188488274
5020 Il-84, Thomson, Illinois

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5020 Il-84
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