Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 116-room, 4-story Hampton Inn & Suites Chicago Waukegan (the “Hotel” or “Property”). Strategically positioned along Route 120 within Lake County’s primary logistics and commercial corridor, the Hotel benefits from immediate proximity to a diverse mix of corporate, industrial, entertainment, and military demand generators. The surrounding submarket is anchored by major distribution and manufacturing operators including Amazon, VP Logistics, and Thermoflex, as well as Abbott Park, the global headquarters and primary research campus of a Fortune 500 healthcare company located approximately 8 minutes from the Property. The Property is also adjacent to the future $345 million American Place Casino Resort, scheduled to open in 2027, which is expected to serve as a significant long-term entertainment catalyst within the immediate corridor. Six Flags Great America and Hurricane Harbor Chicago, together attracting more than 2.5 million annual attendees, and Naval Station Great Lakes, the U.S. Navy’s largest training installation, further diversify and stabilize the demand base.
The Property represents a high-performing, cash flowing asset. For the Trailing Twelve- Month (“TTM”) period ending January 2026, the Hotel generated $4,687,132 in Total Revenue and $1,489,647 in NOI, achieving a 31.8% NOI margin, while ranking 1 of 5 in RevPAR within its competitive set. RevPAR has increased 18.9% over the last 12 months through the TTM period ending January 2026, demonstrating strong revenue momentum and effective rate execution. Currently institutionally managed, the Hotel presents a clear opportunity for a more localized, hands-on owner to further enhance operational efficiencies and drive incremental margin expansion. Following completion of required brand improvements, the Property is well positioned to build upon its market leadership, capture additional rate growth, and deliver continued NOI enhancement, offering a new owner in-place cash flow and identifiable upside.
