Co-operating Broker Fee paid ( Call Listing Broker)
Financial and other Highlights
Red Roof Plus+ is an upper tier Motel of Red Roof Inn Brands
Best visibility from highway I-294/94 located on the exit
LOCATION ! LOCATION ! LOCATION !
Business Generators like Corporate : Head quarters of Walgreens, Baxter, CareMark, Takeda, Cater Pillar, Ravinia Festival, LIST GOES ON ... many more
Occupancy Rate - 61.90%
Pride of Ownership/Clean with no competition around in 1 mile radius
RevPAR - $35.53
All Rooms newly remodeled
Recent Remodeling Expenditures - $1,000,000 approx
With recent brand new remodeling and one of the top US employment headquarters located within a three mile radius, this is an opportunity for growth and to add tremendous value. The hotel is strategically located in the Northbrook-Deerfield town area which is known for commercial and residential importance. This Red Roof Plus is located in the Business District of Deerfield, IL, along the Interstate 294 corridor which provides great visibility for transient business. It has recently been fully renovated from the inside out, with all new contemporary furniture, new bathrooms with granite counters, coin laundry, an elevator and more. The rooms are packed with features like mini fridges, flat screen tv's, upgraded towels, wood like floors, high end bedding & more. There are many events and attractions nearby like Chicago Botanic Gardens and the Ravinia Festival, also located within three miles of Allstate, Baxter, Caremark and Underwriters Laboratories. The 118 room, 3 story Red Roof Plus is also near O'hare airport.
Demographics & Location Details
Deerfield is often listed among some of the wealthiest and highest earning places in Illinois and the Midwest. The per capita income of Deerfield is $68,101 and the median household income is $143,729. Northbrook is also suburb of Chicago and located at the northern edge of Cook County, Illinois. In Northbrook, the estimated median annual income for a household in the village was $103,053, and the median income for a family was $166,083. The per capita income for the village was $51,719. In November 2007, BusinessWeek.com listed Deerfield third in a list of the 50 best places to raise children. The rankings were based on five factors: school test scores, cost of living, recreational and cultural activities, number of schools. Deerfield & Northbrook are home to the Chicago Botanical Gardens, The Kohl Children’s Museum, Northbrook Court and the Skokie Lagoons forest preserve. The West Fork of the North Branch of the Chicago River runs through the Village and offers many activities to the visitors of Northbrook such as kayaking, biking, and sightseeing. Northbrook Mall is Located on 130 acres. Anchor stores are Lord & Taylor, Macy's, Neiman Marcus, and a 14-screen AMC Theatres. Northbrook is connected to downtown Chicago by Metra's Milwaukee District/North Line, which has two stations: one at Shermer Road and another at Lake Cook Road. Pace buses also serve. Deerfield Square is composed of shopping stores, restaurants, and workout facilities, such as Barnes & Noble, Cafe Zupas, Footloose, Potbelly Sandwich Shop, CorePower Yoga, Whole Foods Market, and Pure Barre. In addition to merchandising space, Deerfield Square includes office space and an outdoor plaza which is used during the summer for free outdoor concerts. Northbrook has many parks and golf courses including Wood Oaks Green Park, Crestwood Park, Brees Park, Floral Park, and Greenfield Park, Sportsman's Country Club, Anetsberger Golf Course, and Techny Prairie Park and Fields. Other facilities in the town include the Northbrook Sports Center, the Northbrook Leisure Center, and Meadowhill Aquatic Center.
