deal image
2950 S River RdDes Plaines, IL 60018
Courtyard Chicago O'Hare Airport
Asset ClassHotel & Hospitality
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the 180-room Courtyard Chicago O’Hare (“Hotel” or “Property”), situated at 2950 South River Road, Des Plaines, IL 60018.
overview of deal


  • Unique, Long-Term, Marriott Franchise Agreement: Upon completion of a PIP, a Buyer can expect to receive a 20-year franchise license from Marriott, which is very uncommon for Marriott products of this age.
  • Upside from Replacing Existing Management: An investor can seek to revamp the operations of the Hotel, implement strategic cost control initiatives, and employ more aggressive yield management strategies.
  • Cap-Ex Reserve for PIP: The purchase of the Hotel will include the assignment of a ±5.6million CapEx reserve to fund a change of ownership PIP and other CapEx work at the Hotel.
  • Terrific Location Near O’Hare Airport and Rivers Casino: The Courtyard O’Hare Airport is less than four miles from one of the largest airports in the United States, Chicago O’Hare International Airport , and the Hotel is situated next to the intersection of Interstate 294 and Interstate 90 (combined 300,500 AADT at the intersection). The Hotel is also next to Rivers Casino Des Plaines, the highest grossing casino in Illinois.
  • RevPAR Upside: As of the November 2023 TTM period, the Hotel was ranked 3 out of 5 in its competitive set for RevPAR, according to STR. With limited new supply due to high barriers to entry in the market, an investor can capitalize on the stabilized supply in the market and the completion of the PIP to grow the Hotel’s RevPAR share.
  • Offered Well Below Replacement Cost
Access the Data Room

Investment Highlights

The Courtyard Chicago O’Hare offers a promising value-add opportunity while being located next to the world’s second busiest airport by aircraft movements, numerous tourist attractions, headquarters for multiple major companies, and several medical facilities.


The Property's top line metrics are strong but offer room for growth as well. The Hotel was ranked 2 of 5 among its competitive set in the November 2023 TTM period, according to STR. Although occupancy is currently lagging the market, there is significant room for occupancy growth upon completion of a PIP. Furthermore, the affiliation with the 160 million members of Marriott’s Bonvoy rewards program provides additional benefits in expanding demand channels for bookings. An investor can also capitalize on opportunities to revamp operations and implement cost control initiatives.


Chicago O’Hare Airport is the world’s most connected airport, serving as a hub for two of the largest airlines in the United States (United Airlines and American Airlines). The airport is also a major cargo hub for international air cargo carriers, such as Atlas Air, Cargolux, and DHL. The area’s diverse economy is also home to the headquarters of US Foods, a Fortune 500 food distributor; Wintrust Financial, one of Chicago’s largest banks; and Reyes Holdings, the sixth largest privately held company in the United States.


Furthermore, with the highest-grossing casino in Illinois located just steps from the Hotel, the O’Hare submarket is a hub for entertainment and shopping in the Chicago metropolitan area. The submarket is also home to premier sporting and concert venues such as Allstate Arena, Rosemont Theatre, and Parkway Bank Sports Complex. Additionally, the Donald E. Stephens Convention Center in Rosemont offers over 840,000 square feet of exhibition space for major conventions, which are held nearly every week.

deal gallery image
deal gallery image
deal gallery image
2950 S River RdDes Plaines, IL 60018
deal image


Listing provided by Revere CRE