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Holiday Inn Express & Suites Mattoon 121 Swords Dr

69 Room Hotel Mattoon, IL 61938 For Sale

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Investment Highlights

Strong operational upside in transitioning the asset out of institutional ownership and third-party management.
Mattoon's major demand generators include a blend of educational, agricultural, and healthcare sectors.
Education demand driven by proximity to Eastern Illinois University (8 miles) and Lake Land College (6 miles) with aggregate student enrollment

Property is offered unencumbered by management and debt and at a significant discount to replacement cost.
The property is ideally well located off I-57, a major interstate providing easy access for travelers between Chicago and Southern Illinois
Rural King Supply, a farm supply store with 135 stores across 13 states, is HQ in Mattoon and employees several thousand people across the region

Executive Summary

Alchemy Real Estate Advisors is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the 69-room Holiday Inn Express & Suites in Mattoon, Illinois. The Property is offered for sale as part of an eight (8) property portfolio located across five (5) states in Illinois, Iowa, Kansas, Missouri and Oklahoma. All properties will be sold individually in the January 22nd Auction Event.
The 8 properties include:
Holiday Inn Express & Suites: Jacksonville, Illinois
Holiday Inn Express & Suites: Mattoon, Illinois
Holiday Inn Express & Suites: Dubuque, Iowa
Holiday Inn Express & Suites: Emporia, Kansas
Holiday Inn Express & Suites: Nevada, Missouri
Holiday Inn Express & Suites: Bethany (OKC MSA), Oklahoma
Holiday Inn Express & Suites: Chickasha (OKC MSA), Oklahoma
Hampton Inn: Chickasha (OKC MSA), Oklahoma
Property Tours
Property tours are available on Tuesday, January 7th and Wednesday, January 8th by appointment only. Please reach out to Brent Clemens, bclemens@alchemyrea.com, to schedule.
Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

Property Facts

Sale Type	Investment	No. Rooms	69
Property Type	Hospitality	Number of Floors	3
Property Subtype	Hotel	Year Built	2008
Building Class	C	Parking Ratio	1.96/1,000 SF
Lot Size	1.95 AC	Corridor	Interior
Building Size	41,353 SF

Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.95 AC
Building Size	41,353 SF
No. Rooms	69
Number of Floors	3
Year Built	2008
Parking Ratio	1.96/1,000 SF
Corridor	Interior