Hospitality Group

Avison Young Lists Upscale Hotel & Conference Ctr Dev Opportunity - Aurora, IL

Approved Best Western Premier Aurora ILAvison Young, as sole exclusive agent, is pleased to offer the fee simple interest in the land and approvals associated with an Upscale Select Service Hotel & Conference Center Development Opportunity ( hereinafter "Property," or "Hotel"), located in Aurora, Illinois. The opportunity includes 3.5-acres, city approvals, architectural plans, Best Western Premier brand approvals and key money of one million dollars. Located on Drexel Avenue, the site is easily accessible via State Route 59 and thirty miles from the O'Hare International Airport and six miles from downtown Aurora. The Upscale HOtel & Conference Center Development Opportunity is near local tourist attractions such as the River Walk, Wheaton College, North Central College, Illinois Benedictine College, Northern Illinois University, Hollywood Casino, DePaul University, College of Dupage and the Brookfield Zoo. Dining, shopping, and entertainment options like the Oakbrook Mall and downtown Aurora are within a few miles of the hotel site. Local businesses near the hotel site include Amcon, ConAgra Foods, Edwards Hospital, General Electric, General Motors, General Mills, IBM, International Truck, Lowe's Regional Office, Lucent, Nalco, Nocor, and Volvo training center. 

The Proposed Upscale Hotel is a five-story, 110-room interior corridor hotel and will be developed on Lot 5 and portions of Lot 4, comprised of approximately 3.5 acres. The subject site is bounded on the North by Drexel Avenue, on the South by a service ally serving Yorkshire Shopping Center, on the West by undeveloped land, and on the East by a surface parking lot. 

Property Highlights

  • 110 Non-smoking guestrooms
  • Five Story, Interior Corridor
  • Best Western Premier Brand
  • Near Local Area Businesses General Electric, IBM, Lucent and others

Financial Highlights

  • Price - $3,500,00
  • Number of Acres - 5.5

Opportunity Includes

  • 3.5 Acre Site
  • City Approvals
  • Architectural Drawings
  • Best Western Premier Brand
  • $1,000,000,00 Key Money

For more information on this new listing, contact: Rick George - Office: 312-434-2430 | rick.george@avisonyoung.com

published: 12-14-2018

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