630 W Main St - Hospitality FOR SALE
El Paso, IL 61738 |
630 W Main St
El Paso, IL 61738
HIGHLIGHTS
- 41-room Days Inn by Wyndham boasts excellent visibility and exposure along the primary thoroughfare in El Paso, Illinois.
- Ability to upgrade to an upper midscale franchise as the seller will pay the liquidated damages should buyer elect to re-flag.
- Potential to acquire this hotel at less than 3x Room Revenue Multiplier.
- Ideally positioned less than a mile from Interstate 39 and boasts nearby amenities for guests including local and regional tenants.
- Submarket has been performing well post-COVID and is showing signs of strength in the months to come.
- Small but high-earning demographic with an average annual household income exceeding $91,000.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Econo Lodge El Paso
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
20500
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1995
PARKING SPACES
58
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C
APN/PARCEL ID
16-07-201-033
