Marion, IL | Former Hampton Inn Marion Illinois
Fee simple interest in the 89-room Hampton Inn Marion located in Marion, IL
Marketing description
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Fee simple interest in the 89-room Former Hampton Inn Marion located in Marion, IL
Available for purchase via receiver sale in the February 25th auction event via Crexi
Offered as part of an eight-property Marriott & Hilton select-service hotel portfolio, with all properties being sold individually
Property was transferred to special servicing in March 2020, and a receiver was subsequently appointed in May 2025
Offered unencumbered by brand, management and debt and at a meaningful discount to replacement cost, providing immediate operational flexibility
Property is currently closed making the asset readily available for rebranding under a variety of brand conversion options (including Marriott City Express, Hilton Spark, Choice, Wyndham) or potential alternative uses
Strong operational upside through transitioning the asset out of servicer and receiver control and implementing localized revenue management strategies to reposition the asset amongst the competitive set
Eight Property Marriott & Hilton Select Service Hotel Portfolio:
Hampton Inn Mt Vernon Illinois
Fairfield Inn Indianapolis Indiana
Hilton Garden Inn Joplin Missouri
Fairfield Inn St. Louis Collinsville
- Auction Terms:
- Non-Contingent
- Earnest Money Deposit: 10% of the Purchase Price
- Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
- Closing Date: 15 Business Days after the later of (i) the Lender Approval Date and (ii) the Court Approval Date
- Subject To Lender and Court Approval
2710 W Deyoung St, Marion, IL 62959
Investment highlights
Location Highlights:
Situated immediately off Interstate 57, one of Southern Illinois’ primary north–south transportation corridors, with approximately 35,000 vehicles passing the interchange daily, providing excellent regional visibility and accessibility
Located along West DeYoung Street, Marion’s dominant commercial corridor, anchored by national retail, dining, and service-oriented uses that support consistent transient and drive-to demand
Proximate to Marion’s primary healthcare cluster, including Heartland Regional Medical Center and surrounding medical office campuses, generating steady year-round healthcare-related lodging demand
Minutes from the Marion VA Medical Center, supporting consistent government, contractor, patient, and visiting family demand
Immediate access to Illinois Centre Mall and surrounding retail nodes, reinforcing leisure, weekend, and event-driven lodging demand
Convenient access to Southern Illinois University in nearby Carbondale, capturing demand from university events, athletics, faculty travel, and visiting friends and family
Market Highlights:
Marion serves as the primary commercial, medical, and retail hub for Southern Illinois, benefiting from its role as a regional service center
The market is supported by a diversified employment base including healthcare, education, government, retail, and regional services, driving consistent weekday lodging demand
Limited new select-service hotel development within the immediate Marion submarket, combined with strong interstate exposure and entrenched demand drivers, supports long-term occupancy stability and durable cash flow characteristics
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