Hospitality N Illinois

CBRE brokers sale of downstate hotel property

CBRE brokers sale of downstate hotel property,ph1

CBRE facilitated the sale of a 55-room Quality Inn hotel at 134 Barnett Avenue in Forsyth, Illinois. Located near Decatur, the property is across the street from Hickory Pointe Mall, just north of I-72 off of Route 51, and includes amenities such as a heated indoor pool, fitness center and a business center.

Douglas Johnson with CBRE Hotels, represented the owner, VHB Hotels, LLC an Illinois corporation. The buyer will continue to operate the hotel as a Quality Inn. “This hotel presents an ideal opportunity for a buyer seeking to become a hotel owner. The hotel was bought by a first time hospitality investor that will operate the hotel,” Johnson said.

CBRE Hotels is a specialized team within CBRE providing advisory, capital markets, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.