Holiday Inn Mount Prospect - Chicago 200 E Rand Rd 136 Room Hotel Mount Prospect, IL 60056 For Sale

Berkadia Hotels & Hospitality (“Berkadia”) is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the 136-room Former Holiday Inn Mount Prospect, IL (the “Property” or “Hotel”). The Property presents a unique investment opportunity where a buyer can renovate and reposition the Hotel by converting it to Spark by Hilton (please see PIP in data room). Alternatively, a buyer could decide to convert the Property to 55+ multifamily.
The Former Holiday Inn Mount Prospect is a 3-story interior corridor property sitting on 2.9 acres. The Hotel features a fitness center, indoor pool/spa, meeting space, business center, and guest laundry. Furthermore, the Hotel offers restaurant space that was previously leased to a 3rd party for $240,000 a year.
Mount Prospect continues to concentrate its efforts in housing diversification, public and social improvements, maintenance and infrastructure upgrades and effective business development and strategies. Continuing to improve the quality of life for residents and business owners determines what sets Mount Prospect apart and captures the attention of the national media. Its proximity to the city of Chicago, O’Hare International Airport, and regional transportation networks ensure its continued economic growth.
As of March 2025, The Chicago Bears will send a traffic and economic impact study for its potential Arlington Heights stadium site to the village board, suggesting a suburban stadium is still in play. The proposed $4.7 billion investment would only be 4.5 miles from the Subject Property and would have a HUGE impact to the surrounding area.