700 Courtyard Dr St Charles, IL 60174

The lender-owned Courtyard by Marriott St. Charles, located in the Chicago MSA, features 121 rooms. The seller will convey the leasehold interest, which is subject to a long-term ground lease with approximately 88 years remaining. The property is available for purchase in an auction event. Offered unencumbered by management and debt, it represents a discount to replacement cost. Subject to franchisor approval, the property is available for relicensing under the Courtyard by Marriott flag. Transitioning out of lender control and third-party management presents a significant operational upside. Chicago O’Hare, one of the world’s busiest airports, is undergoing a $12 billion renovation and modernization project aimed at enhancing capacity, expanding routes, and driving future passenger growth. O’Hare welcomed over 80 million passengers in 2024, marking an 8.3% year-over-year increase, the fastest growth rate of any of the top five U.S. airports. The broader Chicago market demonstrates strong counter-cyclical growth, with a +6% RevPAR gain over the past 12 months, exceeding national averages and reinforcing bullish investor sentiment.