Comfort Inn & Suites Springfield I-55 3675 S 6th St 80 Room Hotel Springfield, IL 62703 $6,900,000 ($86,250/Room)

INVESTMENT HIGHLIGHTS

  • Offers a heated indoor pool.

EXECUTIVE SUMMARY

The Comfort Inn & Suites Springfield I-55 presents a compelling investment opportunity in a thriving market. Strategically located off Interstate 55, this hotel offers convenient access to Springfield's business district, government offices, and popular attractions.
With a proven track record of guest satisfaction and a strong reputation within the Choice Hotel brand, this property boasts a loyal customer base and consistent occupancy rates. The hotel's modern amenities, including a heated indoor pool, fitness center, and complimentary hot breakfast, cater to both business and leisure travelers.
Benefits from a growing economy, upcoming development projects, and proximity to major events. A new development of eight multipurpose outdoor, lighted, turf fields, and a 190,000 square-foot indoor sports dome, the sports mega-plex will offer something for everyone with a planned opening in 2025. The hotel's consistent occupancy rates and robust revenue streams provide a stable income stream for investors. Potential to increase revenue through strategic rate adjustments, enhanced marketing efforts, and operational improvements.
As the state capital of Illinois, Springfield offers a stable and growing economy, driving demand for quality accommodations. The Comfort Inn & Suites Springfield I-55 is well-positioned to capitalize on this market potential and generate substantial returns on investment.

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PROPERTY FACTS

Price $6,900,000
Price Per Room $86,250
Sale Type Investment
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.27 AC
Building Size 48,325 SF
No. Rooms 80
No. Stories 3
Year Built/Renovated 1987/2014
Parking Ratio 2.71/1,000 SF
Corridor Interior

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 40 $99.00 -
Guest Room 40 $95.00 -

PROPERTY TAXES

ZONING

Zoning Code B-1 (neighborhood shopping district)
  • Listing ID: 32874133

  • Date on Market: 8/18/2024

  • Last Updated:

  • Address: 3675 S 6th St, Springfield, IL 62703