deal image
100 Coles Centre PkwyMattoon, IL 61938
Hilton Garden Inn Mattoon
Asset ClassHotel & Hospitality
# Keys102
Hilton Garden Inn Mattoon, IL
overview of deal

Overview

The Hilton Garden Inn Mattoon is a four-story, upscale hotel featuring 102 spacious guest rooms and several amenities. Guests can enjoy the convenience of an on-site restaurant, the Stix Bar and Grille, which serves breakfast, lunch, and dinner every day. Additionally, the Hotel maintains a 24-hour fitness center, indoor pool, business center, meeting rooms, gaming machines, 4,000 square feet of banquet space, and 8,400 square feet of event space.

Access the Data Room

Investment Highlights

  • High-Quality, Select Service Asset in Exceptional Condition: The four-story, upscale hotel features 102 spacious guest rooms and several amenities: an on-site restaurant, a 24-hour fitness center, an indoor pool, a business center, meeting rooms, gaming machines, 4,000 square feet of banquet space, and 8,400 square feet of event space.
  • Strategic Location Off Interstate: The Hotel is situated off Interstate 57 between Mattoon and Charleston, less than 10 miles away from Eastern Illinois University, historic downtown Mattoon, and Sarah Bush Lincoln Health Center.
  • New Emerald Acres Sports Complex: Located just 1.5 miles from the Property and set to open in late 2024, the Emerald Acres Sports Complexand will feature a family entertainment center, baseball/softball fields, 12 turf fields, four grass fields, eight basketball courts that can be utilized as 16 volleyball courts, and a walkable retail development that includes restaurants and shops. The development is expected to draw in 580,000 visitors annually and generate $23.8 million in economic impact to the area.
  • Premier Hilton-Branded Asset: The Property greatly benefits from its affiliation with Hilton, one of the strongest brands in the lodging industry that boasts a powerful reservation system and strong brand loyalty largely created by the popular Hilton Honors program, which now has more than 173 million members.
  • Clean Offering: This offering provides an investor the ability to acquire the Property unencumbered by management or existing debt.
  • Competitive RevPAR Penetration: The Hotel achieved a 133 percent RevPAR penetration as compared to its STR competitive set.
  • A Steadily Growing Submarket: As of December, the hotel submarket in the Effingham/Central Illinois Area experienced a 2.4 percent annual increase in the twelve-month average RevPAR.

Property Details

Hilton Garden Inn Mattoon
Rooms
102
Floors
4
Year Built
2022
Ownership Type
Fee Simple
Lot Size
6.80 Acres
deal gallery image
deal gallery image
deal gallery image
100 Coles Centre PkwyMattoon, IL 61938
Emerald Acres Sports Complex
Coles County Memorial Airport
Mattoon Golf & Country Club
Sarah Bush Lincoln Health Center
Downtown Mattoon
Rural King Headquarters
Justrite Manufacturing Co., Inc.
Lake Land College
Eastern Illinois University

Sales Team

Steven Weinstock - Chicago OakbrookBroker of Record- Lic #: 471.011175(630) 570-2200steven.weinstock@marcusmillichap.com

Inquire

Listing provided by Revere CRE