HREC Investment Advisors has arranged the sale of the 92-room Comfort Inn & Suites in Mundelein, Ill. The buyers are Mundelein Realty, who own several properties in the Chicagoland area, and are based in Oak Brook, Ill.
The seller was American Enterprise Bank. Terms of the deal were not disclosed.
"The brand affiliation and excellent condition of the property along with the appeal of the Mundelein/Chicago suburban market contributed to the robust interest level from buyers all across the country. We are pleased that Mundelein Realty persevered and acquired this quality asset," HREC said.
The hotel is in close proximity to Interstate 94 and also allows for convenient access to Downtown Chicago and all of its attractions. Proximate to the hotel there are several demand generators such as Medline Industries, Motorola Mobility, and Six Flags Great America.