MainStay Suites I-55 Joliet, IL
3235 Norman Ave, Joliet, IL 60435
PROPERTY SUMMARY
Opportunity
- Fee-simple interest in the 60-key MainStay Suites I-55 Joliet, IL
- Significant operational upside transferring from third-party management to more hands-on ownership
- Offered unencumbered by debt and management
- Opportunity to secure new long-term franchise agreements with Choice
Location
- Property is readily accessible via Interstate 80 and Interstate 55, with over 50,000 vehicles passing the locations daily
- Convenient access to all Downtown Joliet demand, including Rialto Square Theatre, Duly Health and Care Field, and Harrah’s Casino
- Proximate to all area corporate demand, including Amazon, Weathertech, Nicor Gas, and ExxonMobil Joliet Refinery
- Near all major healthcare demand, including Silver Cross Hospital and Ascension Saint Jospeh-Joliet, ranked as a top hospital in Chicagoland by U.S. News and World Report
- Ideally located within the Chicago MSA, home to approximately 9.3MM people - the 3rd largest MSA in the US
- Proximate to all broader Chicago area demand while being located outside of Cook County, limiting tax liability for a prospective owner
