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EastLake Suites Hotel & Conference Center 1907 N Cunningham Ave
127 Room Hotel Urbana, IL 61802 £7,042,050 (£55,449/Room) 14% Net Initial Yield
Investment Highlights
- Prime location off I-74/I-57 near University of Illinois, Carle, and OSF Hospital ensures strong demand.
- Generating $2.9M–$3.1M annually with high occupancy.
Data Room Click Here to Access
Property Facts
Amenities
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wi-Fi
- Fully-Equipped Kitchen
About 1907 N Cunningham Ave , Urbana, IL 61802
Exceptional Investment Opportunity: Eastlake Suites Hotel & Conference Center, Urbana, IL Step into the unparalleled comfort and convenience of Eastlake Suites Hotel, an independent, full-service property perfectly located off Interstate 74 near the University of Illinois in Urbana, IL. This thriving hotel offers 127 spacious guest rooms and suites, ideal for both short-term and extended stays. Each suite features fully equipped kitchens and home-like comforts, delivering an elevated guest experience that truly sets Eastlake Suites apart. This is more than just a stay—it's an exceptional investment opportunity. Prime Location & Comprehensive Amenities Located near the main highway and the University of Illinois, Eastlake Suites Hotel provides an extensive range of amenities tailored to both business and leisure travelers. Guests can relax in luxurious whirlpool tubs, enjoy the ambiance of in-room fireplaces, or take a dip in the heated indoor pool. A full-service fitness center, complimentary shuttle service, and on-site video gaming machines further enhance the guest experience. The hotel’s full-service bar and restaurant provide convenience and quality for guests who prefer to stay on-site. Versatile Event and Meeting Spaces Eastlake Suites is a preferred venue for corporate gatherings, weddings, and social events, thanks to its adaptable event spaces and dedicated meeting rooms. Its reputation for hosting successful events contributes to a loyal client base and a steady stream of bookings, making it a lucrative investment with high growth potential. Property Highlights • 127 Spacious Guest Rooms and Suites: Each suite is equipped with a fully stocked kitchen, spacious living areas, and select units include cozy fireplaces, offering a home-away-from-home experience. • Extended Stay Suites: The hotel features six buildings, each with eight rooms accessible via outdoor corridors. Extended stay suites include full kitchens and can accommodate up to six people, ideal for families or long-term guests. Two-bedroom lofts offer additional space and comfort, designed for extended stays. • Resort-Style Amenities: Guests enjoy a light-filled indoor pool, full-service fitness center, whirlpool tubs, and a luxurious lounge and bar. On-site video gaming adds a unique entertainment option. • Conference and Event Facilities: With extensive meeting spaces and customizable layouts, Eastlake Suites is the top choice for weddings, corporate events, and social gatherings, appealing to local businesses and event planners. • Strategic Location: Positioned near Interstate 74 and the University of Illinois, this property draws consistent demand from corporate clients, university events, and leisure travelers throughout the year. • Impeccably Maintained Grounds: Ample parking, green spaces, and outdoor seating areas offer a serene retreat, adding to the property’s appeal. Financial Highlights • Stable Revenue Stream: Generating between $2.9 million and $3.1 million annually, Eastlake Suites consistently demonstrates strong performance with revenue from both short-term and extended-stay guests. • High Occupancy Rates: The hotel maintains a robust occupancy rate year-round, with high demand from corporate clients, university events, and seasonal tourism, ensuring stability even in off-peak periods. Why Invest in Eastlake Suites? 1. Proven Financial Success: Eastlake Suites boasts a history of high occupancy and steady revenue, underpinned by a loyal base of repeat guests and corporate clients. 2. Turnkey Operation: Fully operational with an experienced staff dedicated to maintaining high service standards, the hotel ensures a smooth transition to new ownership. 3. Growth Potential: With exceptional customer satisfaction, modern amenities, and a stable demand base, Eastlake Suites offers immediate revenue growth opportunities. Seize This Premier Hospitality Opportunity Eastlake Suites is a rare chance to acquire a high-performing, well-established hotel in a thriving market. Its blend of comfort, convenience, and financial strength makes it an outstanding choice for investors seeking substantial returns and long-term success. Broker Remarks: Important: o Showings are strictly by appointment only on Saturdays and Sundays. Please contact the listing agent to schedule your exclusive viewing. Do not show up to the property unannounced. o Refrain from contacting any staff members. Doing so will immediately disqualify you from negotiations. o All potential buyers will be vetted, and proof of funds, asset verification, or pre-approval may be requested prior to scheduling a tour. o Financial documents and other relevant materials have been uploaded to this platform for your convenience. Accessing these documents online will allow you to quickly obtain the information you need, ensuring a smoother and more efficient process.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 53 | £208.91 | - |
| Guest Room | 74 | £108.76 | - |
PROPERTY TAXES
| Parcel Number | 91-21-04-301-025 | Improvements Assessment | £455,159 |
| Land Assessment | £205,870 | Total Assessment | £661,029 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial |
| Commercial |
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EastLake Suites Hotel & Conference Center | 1907 N Cunningham Ave
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