Super 8 Mount Carmel 937 Enterprise Ln 43 Room Hotel Mount Carmel, IL 62863 $2,450,000 ($56,977/Room)

INVESTMENT HIGHLIGHTS:
Economy Wyndham Brand Affiliation: A 43-room Super 8 operating under the globally recognized Wyndham platform.
Recent Capital Improvements: Extensive updates including new roof (2025), interior renovations, exterior paint, and upgraded in-room amenities.
Efficient Operating Model: Limited-service asset with low overhead and consistent demand drivers.
Healthcare and Academic Demand: Proximity to Wabash General Hospital and Wabash Valley College.
Strong Outdoor and Leisure Demand: Near Beall Woods State Park, Saunders Woods Nature Preserve, Gibson Lake, and Wabash River recreation.
Local and Regional Attractions: Close to Riverview Stadium, Mt. Carmel Golf Course, and cultural sites including Wabash County Museum.
Strategic Border Location: Positioned near the Illinois–Indiana border supporting regional and transient travel.
Stable Community Demand Base: Supported by local industry, agriculture, healthcare, and education sectors.
Turnkey Asset with Recent Upgrades: Recently improved property offering immediate operational stability and reduced near-term capital needs.
Heightened Room Revenue: Between year-end 2024 and year-end 2025, the hotel experienced a notable 10.2 percent increase in room revenue. This trend presents several advantages for potential buyers, including additional capital for renovations and enhanced cash flow.
Elevated RevPAR Penetration: The hotel boasts a strong RevPAR penetration index of 155 percent for the twelve months ending in December 2025, signaling robust competitive performance and attractive long-term value for potential buyers.
Heightened Net Operating Income: Between year-end 2024 and year-end 2025, the hotel saw a notable increase of over 50 percent in net operating income (NOI). This trend presents several advantages for potential buyers, including additional capital for renovations and enhanced cash flow.
INVESTMENT OVERVIEW:
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Super 8 by Wyndham Mt. Carmel (‘Hotel’ or ‘Property’) located at 937 Enterprise Lane in Mt. Carmel, Illinois. The economy, Wyndham-branded Hotel is offered at $2,450,000 or $56,978 per key.
Situated on approximately 0.58 acres, the Property features 43 guest rooms across two stories totaling approximately 18,000 square feet. The Property offers a streamlined amenity package including complimentary breakfast, on-site laundry, free parking, and 24-hour front desk service, supporting an efficient operating model.
Originally constructed in 1992, the Hotel has undergone numerous recent capital improvements, including new hot water heaters, ice machines, TVs, refrigerators, microwaves, exterior paint (2025), interior renovations including vanities, case goods, linens, and wall art, as well as a roof replacement completed in 2025. The Property benefits from proximity to a variety of local and regional demand generators that support consistent lodging demand. Key nearby institutions include Wabash General Hospital and Wabash Valley College, which generate healthcare and academic-related stays. Additional leisure and community demand drivers include Riverview Stadium, Mt. Carmel Municipal Golf Course, and the Mt. Carmel Boat Ramp, as well as outdoor recreation destinations such as Saunders Woods Nature Preserve, Beall Woods State Park, and Gibson Lake. Cultural and historical attractions including the Wabash County Museum, Lyles Station Historic School & Museum, and Homestead Vineyards further enhance visitation. The Property’s location along the Wabash River near the Illinois–Indiana border supports regional travel and transient demand, while nearby attractions such as West Berwick Golf Club contribute to consistent weekend and leisure visitation.
Mt. Carmel is a city in and the county seat of Wabash County, Illinois, with a population of approximately 7,015 residents. As the largest city in the county, Mt. Carmel serves as a regional hub for commerce, services, and community activity. Its strategic location along the Illinois–Indiana border enhances connectivity and facilitates cross-state travel, supporting both local economic activity and regional accessibility. The local economy is supported by a stable mix of industries including healthcare, education, agriculture, and light industry. These sectors provide a reliable employment base and contribute to consistent economic activity within the community. Mt. Carmel’s role as a service center for surrounding rural areas further strengthens its position as an important economic anchor within the region. The area also features a variety of cultural and recreational attractions that contribute to its appeal. Destinations such as the Wabash County Museum, Homestead Vineyards, the Wabash County Farmers Market, and local dining spots like Wabash Roots ‘N’ Que provide gathering places for residents and visitors alike. Additionally, nearby natural amenities and outdoor recreation opportunities support tourism and enhance overall livability.
BROKER OF RECORD
Steven Weinstock
Illinois
630-570-2200
License: IL 471.011175