The approximately 100- to 125-room select-, limited- or extended-stay proposed Hotel presents investors with the unique opportunity to acquire a site within a transformative community of suburban Chicago. Part of the 30-acre mixed-use Water’s Edge development, the subject site is adjacent to a major water recreation area and is projected to offer a convenient location to serve multiple area demand segments. Crystal Lake’s lodging base is diverse and driven by corporate, construction, seasonal visitors, relocating residents, and leisure travelers. There are over 10,000 goods-producing jobs within five miles of the site, and the subject location benefits from access to the larger transportation and employment networks of Chicago’s northwest suburbs.

While numerous brand options are available, the proposed Hotel is projected to establish a distinct competitive niche from the lack of extended-stay and Marriott products in the immediate area. The majority of the existing guest rooms are also very dated, and no competitive supply additions are imminent. An extended-stay hotel is expected to stabilize about eight percentage points higher but at a lower average rate generally consistent with brand averages. Moreover, the subject Hotel will be supported by the continued growth of the market; a nationally recognized brand affiliation; a competitive price position; a prominent location; general convenience to area corporate demand generators; a more dated and competitively vulnerable existing base of competition; and a very desirable location and environment with numerous conveniences including restaurants, retail and the expansive Three Oaks Recreation area.