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17301 S Halsted St

South Holland, IL
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About 17301 S Halsted St

Auction :: October 28, 2014

Red Carpet Inn 133 Room Hotel, 116 In Service and a Managers Apartment 17301 South Holland St. | South Holland, IL

OPENING BID :: $450,000 Initial Deposit Required to Bid :: $30,000

:: INVESTMENT SUMMARY

On Tuesday, October 28, 2014, CBRE Auction Services is pleased to present for auction the Red Carpet Inn situated on the southwest border of South Holland, Illinois. The hotel is located at 1730 South Halsted, with excellent visibility and access along the Tri-State Tollway I-80/I-294 at the South Halsted Exit, approximately four miles from downtown South Holland and less than 25 miles outside of Chicago. The Red Carpet Inn South Holland offers investors the opportunity to acquire a prime location asset with upside opportunity along a high traffic corridor within the greater Chicagoland area.

  • YTD on pace for 53% increase in RevPar
  • Potential opportunities to up brand to Travelodge or Knights Inn
  • Less than 30 minutes from Downtown Chicago
  • Opportunity for hands-on owner/operator to run property more efficiently
  • Number of units: 133

Internet Providers for 17301 S Halsted St

Provider Technology Max Download Speed Max Upload Speed
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: East Hazel Crest

Median Rate Median Size
East Hazel Crest
/sqft/yr
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,400
sqft

Median Rate over Time in East Hazel Crest