Hilton Garden Inn Kankakee, IL
455 Riverstone Parkway Kankakee, IL 60901
PROPERTY SUMMARY
Opportunity
- Fee-simple interest in the institutionally owned and third-party managed 110-key Hilton Garden Inn Kankakee
- Available for purchase through a traditional marketing process
- Offered unencumbered by debt and management at a substantial discount to replacement cost
- Significant operational upside transferring from third-party management to more hands-on ownership
- Ability to retain the Hilton flag for a new long-term franchise agreement upon completion of the PIP
Location
- Readily accessible and visible from Interstate 57 - a primary North / South thoroughfare – at the U.S. Highway 52 exit
- Convenient access to all leisure demand, including Kankakee River State Park, Haigh Quarry, and the recently opened $45M Bradley Sports Complex
- Proximate to all area corporate demand, including CSL Behring, Nucor Steel, and Plochman Inc.
- Near all major healthcare demand, including Riverside Medical Center and Ascension Saint Mary’s Hospital, Kankakee
- Situated near Kankakee Community College and Olivet Nazarene University
