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Chicago & Midwest  + Chicago  + Greater Chicagoland  + Illinois  + Hospitality  | 
Aurora Holiday Inn & Express Suites Trades Hands for $11M

Aurora Holiday Inn & Express Suites Trades Hands for $11M

The sale of an 83-room Holiday Inn Express & Suites in Aurora, Illinois, was closed by Marcus & Millichap for $11 million. The 83-room, three-story hotel is located at 111 North Broadway Avenue, in a busy industrial suburb of Chicago, just 2.9 miles south of Interstate 88.

Havericak along with Robert Hunter and David Altman, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor, and secured the buyer, an established regional owner-operator. Steven Weinstock, Marcus & Millichap’s Broker of Record in Chicago, assisted in closing the transaction.

“It was a relatively smooth transaction, and we were able to find a buyer that had an interest in growing their hospitality presence in the region,” said Havericak. “Both buyer and seller were happy with the outcome of the sale.”

Read More News Stories About: Marcus & Millichap

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.