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Holiday Inn Express & Suites Jacksonville 2501 Holiday Dr

69 Room Hotel Jacksonville, IL 62650 For Sale

Investment Highlights

  • Strong operational upside in transitioning the asset out of institutional ownership and third-party management.
  • Conveniently located less than 45 minutes to Springfield, the state capitol city of Illinois, offering overflow lodging for events and activities in S
  • Diverse set of local corporate demand includes the Passavant Area Hospital, Jacksonville School District, and Jacksonville Correction Facility
  • Property is offered unencumbered by management and debt and at a significant discount to replacement cost.
  • Educational demand fueled by Illinois College, one of the state’s oldest higher learning institutions, the Illinois School for the Deaf, and the Illin
  • Deep historical roots, with connections to the Underground Railroad and prominent 19th-century figures, including Stephen Douglas and Ulysses S. Grant

Executive Summary

RI Marketplace Online Auction Jan 20-22, 2025
Register to bid on Marketplace:
https://rimarketplace.com/auction/2262/reit-sale-holiday-inn-express-suites-jacksonville-illinois?utm_source=costar
Alchemy Real Estate Advisors is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the 69-room Holiday Inn Express & Suites in Jacksonville, Illinois. The Property is offered for sale as part of an eight (8) property portfolio located across five (5) states in Illinois, Iowa, Kansas, Missouri and Oklahoma. All properties will be sold individually in the January 22nd Auction Event.
The 8 properties include:
Holiday Inn Express & Suites: Jacksonville, Illinois
Holiday Inn Express & Suites: Mattoon, Illinois
Holiday Inn Express & Suites: Dubuque, Iowa
Holiday Inn Express & Suites: Emporia, Kansas
Holiday Inn Express & Suites: Nevada, Missouri
Holiday Inn Express & Suites: Bethany (OKC MSA), Oklahoma
Holiday Inn Express & Suites: Chickasha (OKC MSA), Oklahoma
Hampton Inn: Chickasha (OKC MSA), Oklahoma
Property Tours
Property tours are available on Thursday, January 9th and Friday, January 10th by appointment only. Please reach out to Brent Clemens, bclemens@alchemyrea.com, to schedule.
Scott Bowers, Auctioneer
License: 040000273

Property Facts

Sale Type Investment
Sale Conditions Auction Sale
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.67 AC
Building Size 50,043 SF
No. Rooms 69
No. Stories 3
Year Built 2007
Parking Ratio 1.46/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Meeting Event Space

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 17 $134.66 CAD -
Guest Room 52 $109.15 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-05-201-017
Land Assessment
$174,944 CAD
Improvements Assessment
$1,141,120 CAD
Total Assessment
$1,316,064 CAD

zoning

Zoning Code P (Public)
P (Public)
  • Listing ID: 33785604

  • Date on Market: 2024-11-07

  • Last Updated:

  • Address: 2501 Holiday Dr, Jacksonville, IL 62650

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