5020 Il-84Thomson, IL 61285

Property Details for 5020 Il-84

Year built

1976

Property size (Sq ft)

24,336 SF

Property type

Hospitality properties

Property subtype

Motels

Description

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.

Location Insight

City

Thomson

County

Carroll

State

Illinois

Latitude

42.0042

Longitude

-90.1002

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