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- LoopNet Team
250 W Schick Rd
Bloomingdale, IL 60108
Ascend Hotel Collection Prairie Lakes Resort · Hospitality Property For Sale
·
206,250 SF
Investment Highlights
- Available well below replacement cost, at only $25K/room
- Excellent value-add opportunity for hotel, restaurant, bar, pool and spa on 14.7 acres plus adjacent 5-acre parcel
- Significant upside as property currently underperforming at 54.7% RevPAR Index for 2019, property did over $12M in revenue in 2016 as a Hilton
- Unencumbered by franchise, allowing complete flexibility with branding
- Concrete structure, six stories, 300 rooms
Property Facts
| Property Type | Hospitality | Building Size | 206,250 SF |
| Property Subtype | Hotel | No. Stories | 6 |
| Building Class | B | Year Built/Renovated | 1980/2035 |
| Lot Size | 14.85 AC | Parking Ratio | 0.34/1,000 SF |
| Construction Status | Under Renovation | Corridor | Interior |
| Zoning | RRPP, Bloomingdale | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 14.85 AC |
| Construction Status | Under Renovation |
| Building Size | 206,250 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1980/2035 |
| Parking Ratio | 0.34/1,000 SF |
| Corridor | Interior |
| Zoning | RRPP, Bloomingdale |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Spa
- On-Site Retail
- Golf Course
- On-Site Bar
- Meeting Event Space
- Smoke-Free
- Hot Tub
About 250 W SCHICK RD , BLOOMINGDALE, IL 60108
CBRE Hotels is pleased to be the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the Indian Lakes Hotel in Bloomingdale, Illinois. Formerly the Hilton Resort, this is an excellent value-add opportunity for the hotel, restaurant, bar, pool & spa. Conveniently located less than 30 minutes from O’Hare International Airport and 40 minutes from downtown Chicago, the hotel affords business and leisure guests with an accessible location to explore and navigate the area. The hotel is being offered unencumbered of management/franchise enabling a new owner to grow the hotel’s RevPAR and reposition as they choose.
Property Taxes
| Parcel Numbers | Improvements Assessment | $7,229,326 | |
| Land Assessment | $1,047,912 | Total Assessment | $8,277,238 |
Property Taxes
