301 Room Portfolio of Hilton Choose Service Motels in Champaign Illinois Listed for Sale

CBRE Motels is presenting the chance to amass the fee-simple curiosity within the 301- room portfolio of three choose service Hilton Motels situated in Champaign, Illinois. 

Provided unencumbered of administration with anticipated long run franchise licenses, the portfolio is strategically situated adjoining to the College of Illinois Urbana-Champaign’s campus. Champaign is a traditionally sturdy college market and the respective properties have at all times been top-performing property versus their rivals, exhibiting sturdy RevPAR efficiency each in 2022 and on a TTM foundation for 2023. As of the TTM interval ending in June 2023, the portfolio has achieved a RevPAR of $114, which is sort of 9 % larger than ranges achieved in 2022. 

The Motels significantly profit from their proximity to the College of Illinois Urbana-Champaign campus and are poised to carry out exceptionally properly for the steadiness of 2023 because the property are the highest performing Hilton merchandise out there. The portfolio continues to development upwards all through 2023, for the TTM interval ending in June 2023, the motels have achieved a mixed internet working revenue of $4.76 million. Given their sturdy in-place cashflow and enticing all-in foundation beneath alternative price this providing is a compelling funding alternative.

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