Red Roof Inn Rockford
Red Roof Inn Rockford
HREC Investment Advisors has been retained as the exclusive agent to the Owner and is pleased to offer for sale the fee simple interest in the 108-room Red Roof Inn Rockford (the "Hotel" or “Property”) located at 7434 E State Street, Rockford, IL 61108.
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HREC Investment Advisors® – 2016 to present – Principal
Our experience in resolving complex issues related to hotel sales, debt and equity placements and ownership issues have allowed us to develop a reputation as a skilled advisor and closer.
- Property Type
- Hotel & Hospitality
- Deal Type
- Acquisition
- Risk Profile
- Value-Add
Built in 1979, the Red Roof Inn Rockford is located right off Interstate 90 and Highway 20, making traveling to downtown Rockford, the Chicago Rockford International Airport or the surrounding MSA very convenient. Rockford contains a highly diversified economy benefiting from industries such as healthcare, logistics, automotive, and aerospace. Three large regional health systems have a strong presence in Rockford, including Mercyhealth, SwedishAmerican Health, and OSF Healthcare. The Red Roof Inn Rockford is located approximately one tenth of a mile from the expanding Rockford Casino, projected to be the $310 million Hard Rock Casino Rockford by Labor Day 2024. The Hard Rock Casino Rockford will feature 64,000 square feet of gaming space, a variety of dining options, and a Hard Rock Live entertainment venue. The project will generate over 1,000 part-time and full-time jobs once in operation.
The acquisition of the Red Roof Inn represents a tremendous opportunity to acquire the fee simple interest in an economy hotel, with superior proximity to the major interstate in the area.