Clarion Inn Elmhurst & Waterford Banquet | 933 S Riverside Dr
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Clarion Inn Elmhurst & Waterford Banquet 933 S Riverside Dr
104 Room Hotel Elmhurst, IL 60126 For Sale
Investment Highlights
- Low DuPage County tax base Reliable
- Brand license within 1 year of term left with many brands available for new ownership
- One of the few banquet venues with the ability to host outdoor and indoor events (Banquet venue built in 2004) Grand ballroom – 12,000 SF
- Turnkey business, fully equipped with FF&E and well-trained staff. Renowned banquet facility & conference center with an excellent reputation
- Near-term debt maturity motivating Seller
- Conveniently located on a busy IL-83 Kingery Hwy with easy access to I-88, I-294, I-355, I-290, I-90, & I-55 expressways
Executive Summary
CALL FOR FINAL OFFERS -Hotel and Banquet can be sold separately.
Property Overview:
Urban Business Brokers, is pleased to offer for sale the fee simple interest in the 104-room Clarion Inn & Banquet Hall located in Elmhurst, IL (Dupage County). on a 8.23 acre lot. The Clarion Inn is an interior corridor property with an onsite bar and restaurant, three (3) meeting rooms totaling 4,400 sq ft and an indoor heated swimming pool. The Hotel was completely renovated in 2010 and numerous additional interior updates completed in 2020.
Turnkey business, fully equipped with FF&E and well-trained staff. Renowned banquet facility & conference center (Built in 2004) with an excellent reputation and a well-established book of business. One of the few banquet venues with the ability to host outdoor and indoor events spanning over 32,000 sq ft of combined spaces. Comprehensive range of conference rooms that can accommodate up to 1,500 guests.
Equipped with the latest audio-visual equipment and technology for Weddings, Receptions, Engagement Parties, Corporate Meetings, Concerts, Trade Shows, Association Fundraisers, Trainings and Seminars, Family Reunions, Sport Banquets, Baby Showers, Anniversaries, Graduations parties, Holiday Parties, and many more life events.
The Property is conveniently located on a busy IL-83 Kingery Highway, with easy access to I-88, I-294, I-355, I-290, I-90, & I-55 expressways and is surrounded by national and local retail centers, shops, restaurants and corporate businesses. The Clarion Inn is located in Elmhurst, IL, one of the affluent western suburbs of Chicago and just minutes from well-known Oak Brook, IL.
Property Overview:
Urban Business Brokers, is pleased to offer for sale the fee simple interest in the 104-room Clarion Inn & Banquet Hall located in Elmhurst, IL (Dupage County). on a 8.23 acre lot. The Clarion Inn is an interior corridor property with an onsite bar and restaurant, three (3) meeting rooms totaling 4,400 sq ft and an indoor heated swimming pool. The Hotel was completely renovated in 2010 and numerous additional interior updates completed in 2020.
Turnkey business, fully equipped with FF&E and well-trained staff. Renowned banquet facility & conference center (Built in 2004) with an excellent reputation and a well-established book of business. One of the few banquet venues with the ability to host outdoor and indoor events spanning over 32,000 sq ft of combined spaces. Comprehensive range of conference rooms that can accommodate up to 1,500 guests.
Equipped with the latest audio-visual equipment and technology for Weddings, Receptions, Engagement Parties, Corporate Meetings, Concerts, Trade Shows, Association Fundraisers, Trainings and Seminars, Family Reunions, Sport Banquets, Baby Showers, Anniversaries, Graduations parties, Holiday Parties, and many more life events.
The Property is conveniently located on a busy IL-83 Kingery Highway, with easy access to I-88, I-294, I-355, I-290, I-90, & I-55 expressways and is surrounded by national and local retail centers, shops, restaurants and corporate businesses. The Clarion Inn is located in Elmhurst, IL, one of the affluent western suburbs of Chicago and just minutes from well-known Oak Brook, IL.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | No. Rooms | 104 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2020 |
| Building Class | B | Parking Ratio | 7.3/1,000 SF |
| Lot Size | 8.23 AC | Corridor | Interior |
| Building Size | 48,916 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 8.23 AC |
| Building Size | 48,916 SF |
| No. Rooms | 104 |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2020 |
| Parking Ratio | 7.3/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $391.00 | - |
| Guest Room | 92 | $80.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,473,170 | |
| Land Assessment | $436,810 | Total Assessment | $1,909,980 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$436,810
Improvements Assessment
$1,473,170
Total Assessment
$1,909,980
zoning
| Zoning Code | C-3A, Elmhurst (Commercial / Restricted Industrial) |
| C-3A, Elmhurst (Commercial / Restricted Industrial) |
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Clarion Inn Elmhurst & Waterford Banquet | 933 S Riverside Dr
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