933 Riverside Dr Elmhurst, IL 60126

This exceptional 83,916-square-foot hospitality property in Elmhurst, Illinois, presents a unique investment opportunity. The Clarion Inn & Waterford Banquet/Conference Center boasts 104 keys and is situated on an 8.3-acre lot with 357 parking spaces. Built in 1975 with significant renovations in 2010 and 2020, this two-story, interior-corridor hotel features an on-site bar and restaurant, three meeting rooms totaling 4,400 square feet, and an indoor heated pool. The adjacent Waterford Banquet/Conference Center, constructed in 2004, is a renowned facility with over 32,000 square feet of indoor and outdoor event space, capable of hosting up to 1,500 guests. It is equipped with state-of-the-art audio-visual technology and enjoys a strong reputation and established client base. The property benefits from a prime location on South Riverside Drive, offering easy access to major expressways (I-88, I-294, I-355, I-290, I-90, and I-55), placing it within 30 minutes of Chicago's landmarks and airports. The hotel currently operates at 100% occupancy and is a turnkey operation, complete with furniture, fixtures, and equipment, and a well-trained staff. The property is zoned I-1 and its location in affluent DuPage County offers a low tax base and access to a robust labor pool, surrounded by numerous retail centers, shops, restaurants, and corporate businesses. This combined hotel and banquet center presents a compelling investment opportunity with significant potential for continued growth and profitability. The property's APN is APN-06-14-108-071, 06-14-108-070.