Hampton Inn Chicago Downtown
Ownership has elected to market the hotel for sale by owner as part of a long-term portfolio reallocation strategy after years of successful ownership and operational performance.
Hampton Inn Hotel For Sale in Chicago, Illinois – $31.5 Million
Business Name
Hampton Inn Chicago Downtown
Industry
Website
Address
Country: United States
Address Line 1: 355 West Illinois Street
Address Line 2:City: Chicago
State: Illinois
ZIP Code: 60654
Years in Business
15
Business For Sale
Sales Price
$31,500,000
Describe Your Business
Hampton Inn Chicago Downtown is a Hilton-branded select-service hotel located in the heart of downtown Chicago near River North, Magnificent Mile, Navy Pier, the Loop, major corporate headquarters, McCormick Place, and numerous entertainment and dining destinations.
The hotel features approximately 210 modern guest rooms, complimentary breakfast facilities, meeting space, fitness center, business center, indoor pool, guest parking, digital check-in technology, and Hilton Honors loyalty program participation. The property serves business travelers, convention attendees, tourists, healthcare professionals, university visitors, sports fans, and international guests throughout the year.
Revenue is generated through room accommodations, corporate negotiated rates, group bookings, conference overflow demand, parking income, meeting room rentals, loyalty program participation, and ancillary guest services. Chicago continues to rank among the nation's premier hospitality markets due to its convention business, Fortune 500 headquarters, tourism, healthcare institutions, higher education, professional sports, and international commerce.
For investors searching online for hotels for sale Chicago IL, Chicago hotels for sale, buy a hotel, or for sale by owner hospitality opportunities, this listing represents a premium acquisition with established operations, experienced management, and multiple avenues for future growth.
Why Are You Selling?
Ownership has elected to market the hotel for sale by owner as part of a long-term portfolio reallocation strategy after years of successful ownership and operational performance. The hotel maintains strong occupancy, consistent profitability, recurring corporate business, and significant brand recognition through its Hilton franchise affiliation.
Future ownership may increase value through guest room modernization, technology upgrades, enhanced revenue management, energy efficiency improvements, expanded corporate partnerships, and strategic capital improvements under Hilton brand standards.
Qualified buyers utilizing commercial hotel acquisition financing, hospitality private equity, commercial real estate loans, CMBS financing, REIT investment, institutional capital, family office investment, SBA financing (where applicable), or seller financing are encouraged to inquire. Buyers actively researching Chicago hotels for sale, hotels for sale Chicago IL, or looking to buy a hotel in one of America's strongest hospitality markets will find this opportunity particularly compelling.
How Will the Funds be Used?
As this is a business acquisition opportunity, proceeds from the transaction will facilitate ownership transition.
Prospective buyers may utilize financing for:
Commercial hotel acquisition financing
Hospitality real estate financing
CMBS financing
Commercial mortgage financing
Seller financing for qualified buyers
Property Improvement Plan (PIP) renovations
Guest room modernization
Public area renovations
AI-powered revenue management systems
Digital guest experience technology
Energy-efficient building improvements
Working capital following acquisition
Following acquisition, ownership may further increase profitability through enhanced revenue optimization, expanded corporate lodging agreements, convention partnerships, premium guest services, and future hospitality acquisitions throughout the Midwest.
Annual Revenue
$10M+
Timeline
90+ Days
Primary Contact
First Name: Robert
Last Name: Ellis
Phone: (312) 555-6248
Notes
Historical operating statements, franchise agreements, occupancy reports, ADR, RevPAR, STR reports, engineering reports, employee information, management agreements, and future capital expenditure plans have been withheld to maintain confidentiality. Qualified buyers may receive a Confidential Information Memorandum (CIM), appraisal reports, financial statements, franchise documentation, property condition assessments, and access to a secure virtual data room following execution of a mutually acceptable Non-Disclosure Agreement (NDA).
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