Project Description

The 92-Key Fairfield Inn and Suites St. Charles is located in upscale suburban St. Charles, Illinois. The hotel was built in 2001 and features 91 guest rooms and 29 suites. Hotel amenities include complimentary breakfast, Wi-Fi, on-site parking, sundries shop, business center, fitness center, indoor pool, coin operated guest laundry, and 264 SF of meeting space. The market demand drivers derive from the ChicagoNaperville-Elgin MSA which has a combined statistical GDP of $640+ billion. The Fairfield Inn & Suites benefits greatly from from great access to major thoroughfares such as State Route 59 and 64, Route 20, and nearby Interstate 355 and 290. Corporate demand is vast and includes Omron Automotive, Smithfield Foods, R.R. Donnelly & Sons System Sensor, Armour-Eckrich Meats, LLC, and many others.

LOCATION: St. Charles, Illinois

YEAR BUILT: 2001

NUMBER OF ROOMS: 92

AQUISTION DATE: September 2017

PROJECTED IRR: 19%

PROJECTED EQUITY MULTIPLE: 2.61

BUSINESS PLAN: Renovation/Management Realignment