Hospitality Business for Sale in Normal, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Normal, IL 61761
  • Year built: 1973

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Motel 6 Normal (‘Hotel’ or ‘Property’) located at 1600 North Main Street in Normal, Illinois. The G6 Hospitality-branded Hotel is offered at $3,125,000 or $32,895 per key. Situated on approximately 2.82 acres, the economy Hotel features 95 guest rooms across two floors, encompasses 37,892 square feet of gross building area, and includes 85 parking spaces. Constructed in 1973, the select-service Hotel benefits from strong brand recognition, a streamlined operating model, and a strategic location within the Bloomington–Normal metropolitan area. The Hotel offers a value-oriented amenity package designed to serve transient, corporate, and workforce travelers, including ADA-accessible rooms, free expanded cable, truck parking, vending machines, and convenient access to nearby restaurants. The Property has undergone comprehensive interior renovations, significantly enhancing its overall condition and guest appeal. Improvements include a complete guestroom renovation, encompassing all furnishings and fully upgraded guest bathrooms. In addition, corridors have been refreshed with new paint, flooring, and lighting, while the lobby area was repainted and fitted with a new front desk. The laundry room received new flooring, and all public space areas throughout the Hotel were repainted, reducing near-term capital requirements for a new owner. Strategically located along North Main Street with convenient access to Interstates 55, 74, and 39, the Property benefits from excellent regional connectivity and proximity to a diverse mix of demand generators. Major corporate and employment drivers include State Farm Insurance Headquarters, Rivian Automotive, and Bridgestone, all of which generate consistent lodging demand from visiting employees, contractors, and business travelers. Healthcare and education institutions further strengthen the market’s lodging fund

Market Context

This hospitality in Normal, IL is listed for sale. It is offered at an approximate 6.3% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1973. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Normal, IL — <a href="/search/sale/hospitality/illinois/normal">view the full market</a>.

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