Marcus & Millichap facilitated the sale of Hampton Inn, a 117-room hospitality property located in McHenry, Illinois, according to Steven D. Weinstock, regional manager of the firm’s Chicago Oak Brook office. Terms of the transaction were not disclosed.
Ebrahim Valliani, a senior associate, Michael Klar, an associate, Allan Miller, senior vice president investments, Chris Gomes, senior managing director investments, in Marcus & Millichap’s Chicago Oak Brook, Austin and Dallas offices, exclusively marketed the property on behalf of the seller and also represented the buyer.
The four-story, upper midscale hotel is located at 1555 S. Illinois Route 31. The property is in close proximity to the Fox River/Chain O’Lakes and Moraine Hills State Park, and will undergo renovations according to the Forever Young Initiative brand standards with Hilton Hotels in the near future.