Hospitality Business for Sale in Arlington Heights, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Arlington Heights, IL 60005
  • Year built: 1985

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Courtyard by Marriott Chicago Arlington Heights/South (‘Hotel’ or ‘Property’) located at 100 Algonquin Road in Arlington Heights, Illinois. The upscale Marriott International-branded Hotel is offered on a “Request for Offers” basis. Please reach out to the listing agent for more information. Situated on approximately 4.16 acres, the select-service hotel features 147 guest rooms across three stories. The Property was originally constructed in 1985, with renovations completed in 2013. The Hotel offers a wide variety of common area amenities designed to serve both corporate and leisure travelers, including an indoor swimming pool, fitness center, business center, on-site restaurant and bar, the Metropolis Ballroom meeting and event space, and an outdoor grill and patio area. Moreover, the on-site Bistro restaurant provides balanced dining options, Starbucks coffee beverages, and craft cocktails. Strategically positioned along Algonquin Road near Interstate access and the Schaumburg business corridor, the Property benefits from proximity to major corporate employers like Motorola Solutions Inc., Zurich American Insurance Company, Paylocity, ADP, OSHA, and Robert Bosch Tool Corporation. The Hotel also benefits from the nearby Endeavor Health Northwest Community Hospital and Ascension Alexian Brothers Medical Center, which contribute to steady healthcare-related lodging demand. The Property’s location also provides convenient access to Chicago O’Hare International Airport (approximately nine miles) and Chicago Executive Airport (approximately 10.4 miles), making it attractive for both business and transient travelers. Nearby attractions include Woodfield Mall, one of the largest shopping centers in the United States, as well as Mitsuwa Marketplace, the Renaissance Schaumburg Convention Center, and regional entertainment and dining destinations. The H

Market Context

This hospitality in Arlington Heights, IL is listed for sale. The building dates to 1985. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Arlington Heights, IL — <a href="/search/sale/hospitality/illinois/arlington-heights">view the full market</a>.

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