Avid by IHG Hotels | Elk Grove Technology Park | Illinois

   (312) 483-2200         dealflow@equityroots.com

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Summary


1.69 acre buildable parcel

79 guestrooms + technology park business center

4-story wood frame construction

10 minute drive to O'Hare International Airport

 

Lot #2 located in the Elk Grove Technology Park Campus

A newly constructed 80-acre development aimed at high-tech manurfacturing and clean energy companies.

 

Investment and membership opportunity in Shapra Group II, LLC, fee simple owner of new construction 79-room Avid hotel in the Elk Grove Village Technology Park near Chicago O'Hare International Airport.

 

About Avid Hotels: Click here for brief IHG video

About IHG Hotels: Click here for brief IHG video

About Elk Grove Technology Park: Construction progress as of September 2019

 

Newspaper Articles:

1. $1 billion Technology Park next to O'Hare Airport

2. Hotel announced with government incentives

3. International businesses moving into the technology park

 

HOTEL DEVELOPMENT COST: $9,350,000 USD

Owner(s) Cash: $3,250,000

Lender's Debt: $6,100,000

Expected Stabilized Revenue: $2,306,000

Expected Stabilized NOI: $838,000

 

The managing member, Equityroots Holdings I, LLC is investing $1,250,000 and planning to invite $2,000,000 worth of accredited investor(s) to join us. Investments will be offered a first come first serve rolling basis, December 1st, 2019. Feel free to contact sponsor to arrange a site tour. All investments come with risks. Investors are encouraged to contact us at (312) 483-2200 and/or conduct due-diligence with their finanical advisor, attorney, accountant, or any other trusted partner that can help assess the risks associated with any real estate investment opportunity. 

Sponsored By:


Shapra Group II, LLC

Shapra Group II, LLC a Illinois limited liability company

    By:  Equityroots Holdings I, LLC

    Its:  Managaing Member

           By:  Equityroots, Inc. a Delaware Corp.

           Its:  Manager

                   By:  Bhavik S. Dani

                   Its:  President

 
Location


Pitch Deck


Videos

FAQ'S


Question: Do investors receive special discounts or perks at the property?
Answer:

Investors will receive special "owner" rates through the fund manager exclusively at this property. Investor privileges come with conditions and limitations further explained in the Equityroots' Owner Card.


Question: Will investors start receiving a return immediately?
Answer:

No you will not. This particular investment will not offer any cashflow for the first few years because the hotel will be under construction. It will distribute earnings on an annual basis when the hotel is up and running. The real-estate should also increase in value over time, which will be recognized at time of sale.


Question: Does this investment claim depreciation like I do for my own business and tax matters?
Answer:

Yes, the business manager will claim depreciation on everyone's behalf and will share it pro-rata with every investor. It will reflect in the Schedule K1 that you will receive around tax time every year.



Expected Performance

LOCATION Elk Grove Village, Illinois
ASSET CLASS Limited Service Hotel
EQUITY MULTIPLES 3X
LEVERAGED IRR 18 %
ADR $ 105.00
OCCUPANCY 72 %
HOLD 12 Years
STRATEGY 12 Year Hold and Disposition
MIN INVESTMENT $50,000.00
INVESTMENT TYPE Equity Interest

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