Holiday Inn Express - REO
Carbondale, IL
2300 Reed Station Pkwy, Carbondale, IL 62901
PROPERTY SUMMARY
Opportunity
- REO: Fee simple interest in the lender-owned 100-key Holiday Inn Express Carbondale
- Offered for sale through the April 15th Crexi auction event
- Property was converted from Holiday Inn to Holiday Inn Express in February 2026
- New long term franchise agreement available after recent conversion to the Holiday Inn Express brand
- Minimal to no PIP expected, allowing new ownership to preserve near term cash flow
- Well constructed in 2006 by an experienced and well-regarded developer, representing a strong and durable physical product
- Operational upside through transition from lender ownership and implementation of focused revenue management, sales outreach, and expense optimization
Location
- Located in Carbondale, home to Southern Illinois University, a major public university with more than 11,000 students that generates consistent year-round lodging demand from academics, athletics, conferences, graduations, and campus visitation
- Southern Illinois University serves as the economic anchor of the region and supports steady visitation from faculty recruitment, research activity, regional events, and Division I athletics
- Carbondale functions as the primary commercial and hospitality hub for Southern Illinois, drawing demand from surrounding communities and regional business travel, including Penn Aluminum, Com-Pac International, Intertape Polymer Group, DxR Development Group, Potentia Analytics, 40 Below Joe, Frontier Communications, Brand Advocacy Group, SIU Research Park, Pepsi MidAmerica, and General Dynamics
- Readily accessible to all area leisure demand, including Giant City State Park, Shawnee National Forest, Shawnee Hills Wine Trail, and University Mall
- Proximate to Memorial Hospital of Carbondale and regional healthcare facilities that generate consistent medical and related travel demand
- The Holiday Inn Express is located within the primary lodging corridor serving university, corporate, and regional highway travel throughout Southern Illinois
- Carbondale sits in the middle of the Route 13 economic corridor and benefits from a 20-mile regional employment hub extending from Murphysboro to Marion/Herrin
