Project Description

The 120-Key Hilton Garden Inn, St Charles, Illinois is a select-service offering that was built in 2000 and features 106 guestrooms and 14 suites. The hotel offers a variety of amenities including a business center, 24-hour market pantry, swimming pool, fitness center, full-service restaurant, and a conference center. Local demand drivers include corporate business from Omron Automotive, R.R Donnelly & Sons, System Senors, and Armour-Eckrich Meats, LLC. Chicago is also a major world convention destination and is home of McCormick Place, the largest convention center in North America which offers 2.6MM SF of exhibit space. Both St. Charles and Chicago are considered major tourist destinations. Various festivals, markets, and events are held throughout the year.

LOCATION: St. Charles, Illinois

YEAR BUILT: 2000

NUMBER OF ROOMS: 120

AQUISTION DATE: January 2016

PROJECTED IRR: 18%

PROJECTED EQUITY MULTIPLE: 2.13

BUSINESS PLAN: Renovation/Management Realignment