Business Overview

3 story motel with elevator, 198 rooms or which 32 are kings, 6 are queens and 159 are full’s. Rooms have refrigerators, microwaves and televisions, two buildings, elevator in each, with 98 rooms in the front building and 100 in the rear building, the rear building has ptac units which are approximately 7 years old, the front building has window ac units as the central ac is not functioning at this time and central heating system motel includes two conference rooms with two vending areas in each building. Attached walkway between buildings which contains an indoor pool as well as outdoor pool. Large parking lot west of the buildings as well as several by front entrance. Facility has also been utilized as university of Illinois football training camp for several years as well as numerous soccer team and high school football events. Football and soccer fields just north of the motel. Full scale banquet facilities just west of the motel in the linden banquet center. (Former Chanute afb officer’s club) and owned by another individual but very cooperative with large groups of event dining. Occupancy rates should mushroom with the construction of the new outdoor sports complex to be completed in 2021 on the west side of Rantoul. And the activation of a test vehicle track by the university of Illinois in the very near future highly motivated seller!!!

Financial

Seller Financing Available

  • Asking Price: $2,500,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: 2006

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:91,440
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A