2643 N State Route 178
Utica, IL 61348

CBRE Hotels is pleased to be the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest Grizzly Jack’s Grand Bear Resort in North Utica, Illinois. The Grizzly Jack’s Grand Bear Resort includes a 92-room hotel conference center with banquet facilities, restaurants, a water park, a mini golf course and an outdoor bar. The property is proximate to Starved Rock State Park, a major tourist destination, and is located only two hours outside of Chicago and multiple feeder markets. The water-park area is currently undergoing a major reconstruction, which targets updating the entire park. Grizzly Jack’s Grand Bear Resort is part of a Planned Unit Development (PUD) that includes +/- 188 cabins and villas (homes) that are not owned by the resort. The owners of the homes can enter their home into the resort’s rental pool and earn 50% of the rental proceeds. Fifty-five homes currently participate in the rental pool. The new resort owner will have the opportunity to significantly increase rental pool participants and generate significant revenues with very little liability and expense. Owner (a lender) may consider providing financing for qualified bidders. Contact Douglas Johnson to discuss financing options. Bid Due Date: October 11, 2018 Minimum Reserve Price: $6,400,000; the hotel will be sold to the highest and best bidder that bids at or above the Minimum Reserve Price