3909 11th St
Rockford, IL 61109
Auction:8/7 - 8/9: Howard Johnson · Hospitality Property For Sale · 49,865 SF

Property Tour and Contact Detail Information: Property tours are available Thursday, July 20th, 2017, from 10AM to 2PM and Wednesday July 26th 10AM to 2PM local time. Please contact the listing broker to schedule an appointment. Investment Highlights: *Opportunity to purchase well below replacement cost *Over $550,000 in mechanical and other major improvements in last 5 years *Value add potential with additional rooms that could convert to apartments *Less Than 1 mile from the Rockford International Airport (UPS Hub) Investment Overview: The Howard Johnson in Rockford, Illinois is a 102 unit, midscale hotel, with over 5.5 acres and is the closest branded property to the Rockford Airport. In a separate area towards the back of the parcel, there are 45 rooms that can be renovated and used for a value add apartment development opportunity or long term stays with groups and companies. The total room count at the hotel is 156 rooms. There is an opportunity to bring in a liquor and gaming license, which would create an additional revenue on an ongoing basis. Truck parking is ample, which could attract tour groups and teams that would come into the area for tournaments and stay at the property. There is a large pool area and garden oasis that can bring in larger transient/group/family business. This is a great opportunity for an owner/operator to come in, while the revenues are continuing to grow and purchase the hotel well below replacement cost. The area continues to grow and the STR report shows that the entire comp set has been performing well and ahead of this property.