Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 172-room Holiday Inn Rock Island Quad Cities (“Hotel” or “Property”), situated at 226 17th St Rock Island, IL 61201.
The Holiday Inn & Rock Island Quad Cities represents the opportunity to acquire an institutionally owned and operated full-service asset positioned along the Mississippi River and supported by a broad mix of demand drivers spanning manufacturing, agriculture, military and defense, healthcare, and distribution. The market's depth, which is anchored by major corporate employers, and military installations, provides a consistent and resilient foundation of lodging demand across multiple segments.
The Quad Cities are home to a diverse economic landscape with major employers. John Deere is one the largest employers in the area, supporting 7,500 jobs, while Nestle Purina, Tyson Fresh Meats, 3M Cordova, Kent Corporation, and HNI Corporation support the Quad Cities’ manufacturing landscape. The Quad Cities’ strategic significance is highlighted by military installations such as the Rock Island Arsenal, complemented by cultural attractions like the Vibrant Arena at the MARK, the Figge Art Museum, and the Quad City Botanical Center, as well as a multitude of riverfront parks.
The Holiday Inn Rock Island Quad Cities offers a compelling opportunity to acquire a well-located, highly accessible asset in a highly diversified market.
Terms of Sale
• Tenure: Fee simple
• Price: Please contact HREC for pricing guidance
• Management: Free and clear of management
Please DO NOT contact the staff, management, or ownership of the Hotel to request additional information or to arrange a site tour.
Investment Highlights
Value-Add Opportunity
With franchise expiration in early 2027, there is significant flexibility for a new owner to reposition the asset based on evolving market demand and investment strategy. The Property will require minimal liquidated damages to exit the system, offering a new owner the flexibility to convert the Hotel to more a desirable brand and gain more market share in RevPAR.
Strong and Stable Revenues with Significant Upside Opportunity
The Property has consistently generated over $3.7M in top-line revenues since 2022, yet ranks near the bottom of its competitive set in ADR. Completing a targeted renovation presents an opportunity to capture higher rates while maintaining or even increasing occupancy levels. Additionally, strategic cost-control measures can further enhance operating efficiency and drive stronger bottom-line NOI, specifically within rooms expenses.
Institutionally Owned and Managed
The Hotel is both institutionally owned and managed, while being offered unencumbered by a management agreement. This gives new ownership the freedom to choose third-party management or to self-operate, with opportunity to materially impact performance.
Premium Location
The Rock Island Arsenal, just two miles from the Hotel, is one of the most significant military installations and economic engines in the Midwest, generating consistent lodging demand. The Property is also near a multitude of corporate headquarters, like Nestle Purina PetCare Company (2.4 miles), Tri-City Electric Co. (6.4 miles), and the John Deere Global Headquarters (10.6 miles), and within two miles of UnityPoint Health – Trinity Rock Island Hospital.
Limited New Supply
Only one property, an extended-stay hotel, is in final planning, while none are under construction within a 20-mile radius of the Hotel.
Fee Simple Interest
The Property will be offered as fee simple.
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