Clarion Inn Hotel & Wateford Banquet/Conference Centre for Sale

Property Overview:
Urban Business Brokers, in conjunction with RI Marketplace, 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.


Investment Highlights:

-Near-term debt maturity motivating Seller
-Turnkey business, fully equipped with FF&E and well-trained staff. Renowned banquet facility & conference
center with an excellent reputation and a well-established book of business
-Brand license with 1 year of term left with many brands available for new ownership
-Low Dupage County tax base
-Reliable/ stable operational staff in place
-One of the few banquet venues with the ability to host outdoor and indoor events (Banquet venue built in 2004)
-Ample parking with +/- 357 spaces
-Grand ballroom – 12,000 SF with max capacity of 1,500 guests and can be divided into four separate spaces
-Other renovations include: 4 New roof top units, LED lights, new carpeting, repaved parking lot, new dance floor,
landscaping improvements, Equipment and inventory.