5020 Il-84, Thomson, IL 61285
This exceptional investment opportunity presents a 48-key, two-story hotel in Thomson, Illinois. The SureStay by Best Western property boasts 24,336 square feet and features an interior corridor design. Built in 1976, this established hotel benefits from its proximity to the Mississippi River (2.7 miles), attracting tourists interested in fishing, boating, and hiking. The property's location offers convenient access to outdoor recreation and the rural charm of Thomson, while also being within two hours of Chicago O'Hare Airport. The hotel's strong performance is reflected in its 2023 total revenue of $1,111,815, representing a significant return on investment. This offering includes a 9-hole golf course, restaurant, and bar, adding further revenue streams and potential for growth. The asking price is $2,400,000, representing a multiple of 2.15x the 2023 total revenue. The property's single building, with its two stories, presents a manageable operation with significant upside potential through hands-on management and capitalizing on the expanding local tourism and business travel markets. This is a rare opportunity to acquire a well-established hospitality business with diverse revenue streams in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.