Hospitality Group

Hotel AG Announces Call for Offers on the Arlington Heights Portfolio

Hotel Assets Group

Hotel Assets Group is announcing multiple call for offers on November 11 for multiple properties in Arlington Heights, Illinois.

Portfolio Highlights

  • Properties can be purchased as an Individual Asset Sale or as a joint portfolio package
  • Opportunity for Investor to acquire two essentially “brand new” recently renovated assets in the NW Chicago suburbs (Arlington Heights, IL)
  • Strong suburban Chicago market which historically has and continues to experience strong economic growth and hotel performance
  • In Spring 2015, both hotels underwent multimillion dollar renovations
  • At change of ownership new owner can expect no or minimal PIP
  • Very attractive price per key; significantly below replacement cost
  • Assets are located adjacent to each other offering the new ownership an opportunity to control a busy suburban corridor, as well as streamline operations
  • Each property will excel within their respective comp sets due to fresh renovation and imaging
  • Each assets parent company provides an excellent central reservation system and brand rewards program

For more information, contact Chris Stark at CStark@HotelAssetsGroup.com or 503-621-8530.

published: 11-06-2015

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