MainStay Suites | Springfield, IL ?? 109-Key Extended-Stay Hotel | $5,250,000 Asking Price Located in the heart of Springfield—the capital of Illinois—this 108-key MainStay Suites presents a rare opportunity to acquire a stabilized, extended-stay asset with an institutional flag in a resilient Midwestern market. Strategically positioned off I-55, the hotel enjoys consistent demand from government, healthcare, and corporate sectors. Built in 2005, the property is purpose-built for extended stays, offering operational efficiency and strong margins. With minimal PIP and recent updates, the asset is ideal for both experienced hospitality investors and yield-focused buyers looking for a cash-flowing opportunity with upside. Highlights: Choice Hotels’ MainStay Suites brand – proven extended-stay performance One of the lowest price-per-key extended-stay deals in the U.S. today Durable revenue base driven by long-term guests and repeat corporate demand Midwestern extended-stay supply remains limited, enhancing future growth potential Ideal for 1031 exchange, yield strategy, or long-term hold Motivated seller – priced below replacement cost 109-Key Interior Corridor Hotel | 4 Stories with Spacious Rooms Extended-Stay Format | All suites equipped with kitchenettes; ideal for long-term guests Significant Upside | Property achieving only ~45% of Comp Set RevPAR RevPAR Gap | $28 vs. $65 for the Competitive Set – strong value-add opportunity Strategic Location | Near major employers, universities, hospitals, and transit corridors Deep Value Pricing | Offered at ~$48K per key – well below replacement cost