Hospitality Business for Sale in Mount Carmel, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Mount Carmel, IL 62863
  • Year built: 1992

Description

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 $56,977 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

Market Context

This hospitality in Mount Carmel, IL is listed for sale. It is offered at an approximate 10.6% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1992. It has been on the market for 54 days. Compare it against other hospitality listings for sale in Mount Carmel, IL — <a href="/search/sale/hospitality/illinois/mount-carmel">view the full market</a>.

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