22 W Algonquin Rd
Arlington Heights, IL 60005
Red Roof Inn Chicago-O'Hare Airport · Hospitality Property For Sale · 40,500 SF

Property Overview: The Red Roof Inn Chicago - O’Hare is a 134-room, two-story, limited-service hotel built in 1984. Well equipped with numerous common area and guest room amenities, this hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, lounge chair, flat-screen television with premium channels. Additionally, some common area amenities the hotel has to offer consist of a 24-hour front desk, elevator, picnic area, complimentary wi-fi, and laundry facilities. Location Overview: Arlington Heights, Illinois is a city located in Cook County in the northeastern region of the state, 25 miles northwest of Chicago and 20 miles east of Elgin. The Red Roof Inn Chicago - O’Hare is superbly positioned at Algonquin Road and South Arlington Heights Road, between Highway 58 and Highway 62. The O’Hare International Airport is set to have significant renovations over the next 10 years, including a new $876 million rental car facility which opened in late 2018 with a 24-hour rail system serving each of the terminals. The $8.5 billion plan to expand the airport will involve 35 new gates with 3.1 million square feet of additional terminal space, as well as an underground pedestrian terminal. With the city’s major employers and popular revenue generators in close proximity to the property, this sought-after hotel benefits from many key industries of the city which include healthcare and social assistance, manufacturing, and professional, scientific, tech services. Northwest Community Hospital and Comcast, two of the city’s largest employers located approximately three miles from the hotel, are prime revenue drivers for the surrounding area. The hotel site is located approximately a mile from the Elk Grove Technology Park which upon completion will include 85 acres of technology and industrial businesses within close proximity to major lifestyle and cultural amenities. Other major employers that are responsible for a significant portion of the workforce include United Continental Holdings (23.2 miles), JP Morgan Chase Chicago Headquarters (23.4 miles), University of Chicago (31.7 miles). Revenue generators in the area, like Woodfield Mall (3.8 miles) and O’Hare International Airport (9.5 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Robert Morris University - Arlington Heights (.8 miles), the Allstate Arena (7.4 miles), and Rivers Casino Des Plaines (7.9 miles).