Listing Summary
This 60 unit, two-story interior-corridor hotel is located in Grayville, Illinois, within White County.
Full Description
60-Unit Hotel in Grayville, IL: Turnkey Condition with Immediate Upside
Acquire this well-maintained, 60-unit, two-story, interior-corridor hotel ideally situated in Grayville, IL (White County), offering exceptional regional access to Interstate 64 and positioned midway between Louisville and St. Louis, just three miles from Indiana.
Value-Add Opportunities: This hotel is primed for a new operator to significantly boost revenue by reopening currently closed amenities: the bar, swimming pool, and restaurant. Additionally, empty on-site rooms could easily be converted into a large 4-5 room manager's apartment.
Key Features & Condition:
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Excellent Condition: Solid concrete build; all guest rooms were updated in 2019, with only minimal updates remaining.
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Existing Revenue Streams: Includes a casino room with gaming machines generating approximately $25,000 annually, plus income from dedicated truck and RV parking.
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Amenities: Currently offers a fitness center, continental breakfast area, and laundry facilities.
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Location Drivers: Located in an area historically driven by oil and gas, now diversifying into renewable energy (wind/solar) and advanced manufacturing, promising new employment and demand.
This property offers a high-quality physical asset and immediate operational upside in a strategically positioned location.
Quick Glance
- Listing ID:
CL-Illinois-27178
- Status:
Active
- Year Build:
1986
- Building Size:
61,583 SqFt
- Lot Size:
3.17 Acre