Best Western Mattoon, IL
1416 Broadway Ave E Mattoon, IL 61938
PROPERTY SUMMARY
Opportunity
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Fee-simple interest in the absentee owned 60-room Best Western Mattoon, IL
- Offered at a significant discount to replacement cost
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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
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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