INVESTMENT HIGHLIGHTS
HIGH REVPAR INDEX WITH ADDITIONAL UPSIDE
The Hilton Garden Inn Springfield has performed exceptionally well within its competitive set, ranking first out of six properties in RevPAR. The Hotel achieved a RevPAR of $87.96 for the Trailing Twelve Month (“TTM”) period ending October 2024, with a penetration index of 143.8%. During TTM October, the Hotel generated a Total Revenue of $4,164,790 but operated with cashflows of only $808,214, reflecting 19.4% NOI margins. Currently institutionally managed, there is substantial potential for cash flow improvement with the implementation of a more efficient management strategy. Under new management, the new owner will have the opportunity to improve on efficiencies and lower costs compared to those of a larger, institutional management company.
OFFERED BELOW REPLACEMENT COST IN HIGH GROWTH MARKET
The Hilton Garden Inn Springfield is being offered at a discount to replacement cost in a growing market. The University of Illinois Springfield has experienced consistent growth over the past 5 years, with Fall 2024 enrollment increasing by 6.2% for undergraduates and 15.6% for graduate students compared to Fall 2023. Additionally, the $67 million Scheels Sports Park development, featuring 8 multipurpose turf fields, is projected to attract over 200,000 visitors annually and drive an estimated $30 million in economic impact each year. The offering presents an opportunity to buy into an exponentially growing market at an attractive basis.
INSTITUTIONAL HILTON BRANDED ASSET
Hilton’s Hilton Garden Inn brand is one of the strongest brands in the Hilton family. Premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as name recognition. All Hilton properties are backed by the Hilton Honors reward program which boasts over 200 million members across 24 brands and more than 7,600 hotels worldwide.
LISTING CONTACT
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ABOUT HUNTER
Hunter Hotel Advisors is the leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity. With over 45 years of experience in both full and select-service single assets as well as portfolio marketing, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed HUNTER to consistently maximize value regardless of market conditions.
Hunter Hotel Advisors is the founder and producer of the well-known and respected Hunter Hotel Investment Conference. Since their first conference in 1989, they have had a consistent focus on producing an educational and networking format based on real estate and finance for hotel owners. After celebrating their 35th year this past March, the next conference will be held March 18-20, 2025 at the Atlanta Marriott Marquis.
