518-317-0569
411 S Larkin Ave, Joliet, IL for Sale
Hospitality - FOR SALE
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411 S Larkin Ave
Joliet, IL 60436
Meadow Estates


HIGHLIGHTS

  • Fee-simple interest in the 198-key Clarion Hotel & Convention Center / Quality Inn dual-brand.
  • Available for purchase in the July 30th auction event via Ten-X.
  • Offered unencumbered by debt and management.
  • Significant operational upside transferring from third-party management to more hands-on ownership.
  • Capitalize on recent capex expenditures totaling ~$1.55MM with improvements to guest rooms, public spaces, and exterior.
  • Ability to retain the Choice flags for a new long-term franchise agreement or pursue alternative branding.

FOR SALE DETAILS

PRICE

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# OF ROOMS

600

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Hotel & Quality Inn | Dual-Brand

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

-

BUILDING CLASS

-

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Carter BenedictParamount Lodging AdvisorsMore Info
518-317-0569

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Carter BenedictParamount Lodging AdvisorsMore Info
518-317-0569

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