Wyndham Garden Kankakee 455 Riverstone Pky 110 Room Hotel Kankakee, IL 60901 $10,900,000 ($99,091/Room)

The opportunity involves the fee-simple acquisition of the institutional-owned, third-party managed 110-key Wyndham Garden Kankakee, offered through a traditional marketing process and unencumbered by debt or management at a substantial discount to replacement cost. The property presents meaningful operational upside through a transition to more hands-on ownership and offers the ability to retain the Wyndham flag via a new long-term franchise agreement upon completion of the PIP. Recently switched from Hilton Flag to Wyndham. Potential to regain Hilton Flag with longterm franchise agreement and completion of the PIP. Property scheduled to begin renovations and signage conversion. Pricing may change with regard to renovation/PIP completion status. The hotel is highly visible and easily accessible from Interstate 57 at the U.S. Highway 52 exit, providing convenient access to key leisure attractions such as Kankakee River State Park, Haigh Quarry, and the recently opened $45 million Bradley Sports Complex. It is also well positioned near major corporate demand generators including CSL Behring, Nucor Steel, and Plochman Inc., as well as leading healthcare facilities such as Riverside Medical Center and Ascension Saint Mary’s Hospital. Additional demand is supported by proximity to Kankakee Community College and Olivet Nazarene University.