Best Western Mattoon, IL

1416 Broadway Ave E Mattoon, IL 61938

PROPERTY SUMMARY

 

Opportunity 

  • Fee-simple interest in the absentee owned 60-room Best Western Mattoon, IL
  • Offered at a significant discount to replacement cost
  • Eligible for Best Western auto transfer with no PIP requirements or additional membership fees

  • Ability to retain the Best Western flag for a new long-term membership agreement, subject to completion of the PIP and membership approval
  • Opportunity to better penetrate the comp set and reposition the asset upon implementation of hands-on ownership structure

Location

  • Ideally located adjacent to the newly developed Emeral Acres Sports Complex and fifteen minutes from Eastern Illinois University
  • Proximate to major corporate demand, including Rural King Headquarters, Consolidated Communications, and First Mid Bank & Trust
  • Easily accessible to area leisure demand, including Lake Mattoon, Lincoln Log Cabin State Historic Site, and Mattoon Golf & Country Club
  • Situated near the 129-bed Sarah Bush Lincoln Health Center, a leading regional hospital and major demand driver

Market Developments

  • Emerald Acres Sports Connection – A recently opened $150 million indoor/outdoor sports complex featuring multi-purpose fields, courts, and amenities. The development is expected to generate significant visitor traffic, driving thousands of additional room nights annually as further phases of expansion are completed

Carter Benedict

Associate

518.317.0569

cbenedict@paramountlodging.com

Mike Schlictman

Principal

803.920.4173

mikes@paramountlodging.com

Andrew Makhlouf

Principal

312.610.9067

amakhlouf@paramountlodging.com