301 Room Portfolio of Hilton Select Service Hotels in Champaign, Illinois Listed for Sale

CBRE Hotels is presenting the opportunity to acquire the fee-simple interest in the 301- room portfolio of three select service Hilton Hotels located in Champaign, Illinois.

Offered unencumbered of management with anticipated long term franchise licenses, the portfolio is strategically located adjacent to the University of Illinois Urbana-Champaign’s campus. Champaign is a historically strong university market and the respective properties have always been top-performing assets versus their competitors, exhibiting strong RevPAR performance both in 2022 and on a TTM basis for 2023. As of the TTM period ending in June 2023, the portfolio has achieved a RevPAR of $114, which is nearly nine percent higher than levels achieved in 2022.

The Hotels greatly benefit from their proximity to the University of Illinois Urbana-Champaign campus and are poised to perform exceptionally well for the balance of 2023 as the assets are the top performing Hilton products in the market. The portfolio continues to trend upwards throughout 2023, for the TTM period ending in June 2023, the hotels have achieved a combined net operating income of $4.76 million. Given their strong in-place cashflow and attractive all-in basis below replacement cost this offering is a compelling investment opportunity.

For inquiries visit here.