Hospitality Business for Sale in Algonquin, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Algonquin, IL 60102
  • Year built: 2001

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Chicago–Algonquin (‘Hotel’ or ‘Property’) located at 2595 Bunker Hill Drive in Algonquin, Illinois. The upper midscale IHG Hotels & Resorts–branded hotel is offered on a “Request for Offers” basis. Please reach out to the listing agent for more information. Situated on approximately 2.12 acres, the select-service hotel features 86 guest rooms across three stories and encompasses approximately 49,009 square feet. The Property was originally constructed in 2001 and offers a variety of common area amenities, including an indoor swimming pool, fitness center, business center, on-site guest laundry, and approximately 690 square feet of meeting space. The Property benefits from proximity to several nearby demand generators that support consistent lodging demand. Corporate travel is supported by Young Innovations headquarters, while retail and dining traffic is driven by Algonquin Commons, a major open-air lifestyle shopping mall. Nearby event-driven visitation stems from Founders’ Days, one of the region’s largest annual festivals, along with sports and recreation facilities such as Snapper Field baseball complex, Lions Armstrong Memorial Pool, and Exner Marsh Nature Preserve. Recreational and tourism demand is generated by regional attractions like the Fox River corridor (28 mi), which offers outdoor activities including boating, kayaking, fishing, and trails. The Hotel also benefits from convenient access to regional transportation infrastructure and is located approximately 29 miles from Chicago O’Hare International Airport, supporting both corporate and transient travel demand. Algonquin, Illinois, is a rapidly growing northwest suburb of Chicago located primarily within McHenry and Kane counties, approximately 45 miles northwest of downtown Chicago. The community benefits from strong regional connectivity, access to

Market Context

This hospitality in Algonquin, IL is listed for sale. The building dates to 2001. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Algonquin, IL — <a href="/search/sale/hospitality/illinois/algonquin">view the full market</a>.

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