370 Room Decatur Conference Center & Hotel in Decatur, Iowa For Sale
Decatur Conference Center & Hotel
CBRE is the exclusive agent in connection with the solicitation of offers to acquire the fee-simple interest in the 370-room Decatur Conference Center & Hotel located in Decatur, IL.
The Decatur Conference Center & Hotel is conveniently situated off US-36, just east of Interstate 72, which provides guests a central base for accessing a diverse mix of attractions including corporate, leisure and medical demand generators throughout the area. Generating additional demand, the Decatur Conference Center and Hotel is just minutes from several waterfront attractions including the Scovill Zoo, wildlife and conservation areas, nature parks, and more.
Investment Highlights
- Built in 1972 as a Holiday Inn, Renovated in 2017
- 4 Story & 2 Story Construction; 370 Guest Rooms (185 currently in service)
- Opportunity for growth in the market!
- Hotel at 10.0% Occupancy @ $97.02 ADR = RevPAR of $9.69 (T12 June 2022)
- Decatur Hotel Market at 58.3% Occupancy @ $97.12 ADR = RevPAR of $57.02 (T12 June 2022)
- Over 55,000 Square Feet of Meeting/Event Space
- Situated on +/- 29 Acres
- Multifamily or other alternate use conversion possibilities!
For inquiries visit here.
Categories: Other