Clarion/Quality Inn Joliet, IL
411 S Larkin Ave, Joliet, IL 60436
PROPERTY SUMMARY
Opportunity
- Fee-simple interest in the dual brand 198-key Clarion Hotel & Convention Center / Quality Inn Joliet, IL.
- Offered unencumbered by debt and management.
- Capitalize on recent capex expenditures totaling ~$1.55MM with improvements to guest rooms, public spaces, and exterior.
- Available for purchase in the July 30th auction event via Ten-X.
- Significant operational upside transferring to more hands-on ownership.
- Ability to retain the Choice flags for a new long-term franchise agreement or pursue alternative branding.
Location
- Property is readily accessible via Interstate 80 and Interstate 55, with over 50,000 vehicles passing the location daily.
- Convenient access to all Downtown Joliet demand, including Rialto Square Theatre, Duly Health and Care Field, Hollywood Casino, 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 Joseph-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.
