360 Eastgate Dr - Hospitality FOR SALE


Danville, IL 61834
$2,500,000 USD
805-557-8857
360 Eastgate Dr, Danville, IL for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

360 Eastgate Dr
Danville, IL 61834


HIGHLIGHTS

  • Units: 42 (2-Story, Interior Corridors) - It is a mix of interior/exterior corridor
  • Baymont Conversion Completed 2023. YOY 10% Revenue Increase Post Conversion
  • Opportunity Zone & USDA Eligible
  • Absentee owner operation provides potential updside
  • Manager Quarters on premises
  • ~$150K CAPEX Improvements made

OVERVIEW

This 42-unit, two-story hospitality asset represents a stabilized yet high-growth opportunity in the Danville market. Recently undergoing a comprehensive Baymont conversion completed in 2023, the property features sought-after interior corridors and has benefited from approximately $150,000 in recent CAPEX improvements. These strategic upgrades have already yielded tangible results, evidenced by a robust 10% year-over-year revenue increase immediately following the brand transition. With modern aesthetics and refreshed infrastructure, the hotel is well-positioned to capture consistent demand from both corporate and leisure travelers in the region. Beyond its current performance, the property offers significant "value-add" potential for an owner-operator or a more hands-on investment group. Currently under absentee ownership, the facility presents a clear path to increased margins through tighter operational oversight and localized marketing strategies. The inclusion of on-site manager’s quarters further facilitates this transition, allowing for reduced overhead and enhanced service quality. Additionally, the asset’s location in an Opportunity Zone and its USDA financing eligibility provide sophisticated investors with unique tax advantages and favorable lending terms, maximizing long-term yields.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$82 USD /SF

# OF ROOMS

42

PRICE/ROOM

$59,524 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Danville IL

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

41

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

C

APN/PARCEL ID

23-12-451-035

ASK ABOUT THIS PROPERTY

Kenneth CaroBowman Post GroupMore Info
805-557-8857

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Kenneth CaroBowman Post GroupMore Info
805-557-8857

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.