Lekhraj Ahuja Acquires Hilton Garden Inn Mattoon For $17.1M With Broker Derek Gonsch
100 Coles Centre Parkway
$17,100,000
Building Size
—
Asset Type
Hotel
Closing
Apr 24, 2026
AI
The transaction involved the sale of a newly built hotel asset located at 100 Coles Centre Parkway, Mattoon, Illinois. This property, operating under the Hilton brand as a Hilton Garden Inn, comprises 102 rooms and was acquired for $17,100,000. The price per key for the asset amounts to $167,647.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $17,100,000
- Address: 100 Coles Centre Parkway
- Market: Mattoon
- Number of Rooms: 102
- Price Per Key: $167,647
Derek Gonsch from SVN | Chicago Commercial represented the seller in this transaction. The buyer, Lekhraj Ahuja, is identified as a local hotel operator who has acquired the property under the Hilton brand’s updated design.
Mattoon Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93