315 Canal StAnnawan, IL 61234

This exceptional investment opportunity presents a thriving 62-unit Best Western hotel in Annawan, Illinois. Strategically located directly off Interstate 80, just two hours from Chicago and 40 minutes from the Quad Cities, this property boasts an enviable location with high traffic volume. Built in 2002 and renovated in 2021, the two-story, interior corridor hotel features 62 keys across two buildings situated on a four-acre lot. The property's strong performance is evidenced by a $98 average daily rate (ADR) and $775,916 in room revenue during 2023. Market analysis reveals significant upside potential, with a RevPAR index of 66% (through April 2024), indicating room for revenue growth. Further enhancing its profitability, the sale includes the adjacent Annawan Banquet and Meeting Center, a full-service banquet hall generating substantial additional income. This turnkey operation is well-maintained, enjoys excellent online reviews and ratings, and is eligible for Best Western's membership auto-transfer. The property's parcel numbers are 15-03-200-026 and 15-03-200-027. The asking price is $2,850,000. This is an ideal opportunity for an investor seeking a high-performing hospitality asset with significant growth potential and a profitable ancillary business. All showings are by appointment only.