920 W Lincoln Ave
Charleston, IL 61920
UNIQUE SUITES HOTEL · Hospitality Property For Sale · 42,300 SF

Newly renovated Unique Suites Hotel presents an opportunity to acquire a well-located asset at below-replacement-cost valuation located in Charleston, Illinois. Absentee ownership offers immediate sale of this 32,000 sq. ft. property. Constructed in 1974, this 77 room hotel resides on approximately 3.84 acres. The corner lot has frontage on Rt 16 and Douglas Street, Charleston, IL. Excellent potential to increase revenues with growing attendance projected to 9,000 students attending Eastern Illinois University which drives room demand to the region. New ownership has excellent revenue potential through a revamped strategy, implementation of strategic cost control initiatives and employment of more aggressive revenue management practices. The non franchised Unique Suites Hotel has a two story construction. The exterior is stucco and stone and has recently been updated and painted. The parking lot is concrete, and is adequate for the hotel’s needs. The interior has 77 guest rooms, a beautiful upscale lobby, banquet rooms, restaurant, bar and a fitness room. The building has various areas designated for employee only use which include maid closets on each floor, a central laundry room on the first floor, and a manager’s office. The hotel has the functional utility to provide adequate service hotel needs. The owners have recently completed major renovations reducing the effective age of the subject and improving the overall condition. Improvements include a the following: all new carpet; new bedding tops; painted the exterior; painted the rooms; rehabilitated the pool with new tile, renovated pumps, and boiler for heating the pool; renovated the lobby, restaurant and bar. The hotel has a new roof and all mechanical systems have been replaced or renovated. The upper-midscale 77 room hotel offers guests multiple amenities. The newly remodeled rooms have pillow top beds, flat-screen TVs and free WI-FI, plus mini-fridges, microwaves and coffee makers. Upgraded rooms add desks, and suites feature separate living rooms with sofa beds, and kitchenettes. The property includes the Brick House Restaurant with a well equipped kitchen. The Brick House Bar and Grill’s upscale illuminated bar sets the scene with eleven flat screens, patrons will always find a great seat to watch the game. Family and friends enjoy entertainment around the circular fire pit on the outdoor patio. The hotel offers more than 4,000 square feet of flexible space that can accommodate groups from 10 to 300 guests. The banquet facilities have all the Chiavari chairs, table cloths, risers, various backdrops, table decorations and special touches to make special events a memorable occasion. The hotel offers the convenience of hosting a reception where guests are steps away from their overnight accommodations, a night cap and breakfast in the morning. Unique Suites Hotel is offered unencumbered by management and debt. Please do not disturb hotel guests or employees. For more information, call Linda Snyder at 812-208-1727.