Holiday Inn Chicago North - Gurnee | 6161 W Grand Ave
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Holiday Inn Chicago North - Gurnee 6161 W Grand Ave
210 Room Hotel Gurnee, IL 60031 £7,707,133 (£36,701/Room)
Executive Summary
Gurnee presents a unique opportunity to purchase and renovate the property at a price-per-pound basis well below replacement cost, maintaining the value-boosting Holiday Inn brand and unlocking the property's full NOI potential. Located less than five minutes from Six Flags Great America, and 30 minutes north from O’Hare International Airport, this interior property consists of 210-rooms, ample public space, including a restaurant and bar,10,000 square feet of meeting space, and Olympic sized indoor swimming pool (popular with the kids).The hotel receives business from a diverse set of both commercial and leisure segments with major demand drivers including Six Flags Great America, Six Flags, Gurnee Mills destination shopping center, as well as companies within the life science Abbott,Domino Amjet, Inc, Dynapar, Ohio Medical, advanced manufacturing, finance, distribution, logistics, clean energy and more
Property Facts
| Price | £7,707,133 | Lot Size | 3.99 AC |
| Price Per Room | £36,701 | Building Size | 303,196 SF |
| Sale Type | Investment | No. Rooms | 210 |
| Sale Conditions | 1031 Exchange | Number of Floors | 4 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2012 |
| Property Subtype | Hotel | Parking Ratio | 1.32/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | £7,707,133 |
| Price Per Room | £36,701 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.99 AC |
| Building Size | 303,196 SF |
| No. Rooms | 210 |
| Number of Floors | 4 |
| Year Built/Renovated | 1970/2012 |
| Parking Ratio | 1.32/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Hot Tub
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | £197.96 | - |
| Guest Room | 195 | £89.98 | - |
PROPERTY TAXES
| Parcel Number | 07-16-101-147 | Improvements Assessment | £1,128,180 |
| Land Assessment | £452,899 | Total Assessment | £1,581,079 |
PROPERTY TAXES
Parcel Number
07-16-101-147
Land Assessment
£452,899
Improvements Assessment
£1,128,180
Total Assessment
£1,581,079
zoning
| Zoning Code | Commercial |
| Commercial |
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Holiday Inn Chicago North - Gurnee | 6161 W Grand Ave
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