360 Eastgate Dr, Danville, IL 61834 For Sale

This 42-unit, two-story hospitality asset represents a stabilized yet high-growth opportunity in the Danville market. Recently undergoing a comprehensive Baymont conversion completed in 2023, the property features sought-after interior corridors and has benefited from approximately $150,000 in recent CAPEX improvements. These strategic upgrades have already yielded tangible results, evidenced by a robust 10% year-over-year revenue increase immediately following the brand transition. With modern aesthetics and refreshed infrastructure, the hotel is well-positioned to capture consistent demand from both corporate and leisure travelers in the region.

Beyond its current performance, the property offers significant "value-add" potential for an owner-operator or a more hands-on investment group. Currently under absentee ownership, the facility presents a clear path to increased margins through tighter operational oversight and localized marketing strategies. The inclusion of on-site manager’s quarters further facilitates this transition, allowing for reduced overhead and enhanced service quality. Additionally, the asset’s location in an Opportunity Zone and its USDA financing eligibility provide sophisticated investors with unique tax advantages and favorable lending terms, maximizing long-term yields.

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