425 S West St
Olney, IL 62450
Super 8 Olney · Hospitality Property For Sale · 22,380 SF

Property Overview: The Super 8 Olney is a 41-room, two-story, interior corridor hotel built in 1995. Well-equipped with numerous guest room amenities, this limited-service economy hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk with ergonomic chair, a separate lounge chair, and flat-screen television with premium channels. The hotel also features a 24-hour business center. Location Overview: Olney, Illinois is a city located in Richland County in the southeastern region of the state, 65 miles northeast of Mt. Vernon and 120 miles east of St. Louis. The Super 8 Olney is superbly positioned on US Highway 130, between Highway 250 and 50. 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 retail trade. Carle Richland Memorial Hospital and Walmart Supercenter, two of the city's largest employers located approximately 1.7 miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Olney Central College (1.1 miles), Aperion Care Olney (1.9 miles), and the SIHF Weber Medical Clinic (2.4 miles). Revenue generators in the area, like Richland County Mall (0.9 miles) and Olney City Park (0.7 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers include the Musgrove Aquatic Center (2.1 miles) and Homestead Vineyard (18.5 miles).