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100 Coles Centre Parkway

Lekhraj Ahuja Acquires Hilton Garden Inn Mattoon For $17.1M With Broker Derek Gonsch
SOLDHotel

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.

Players

Derek Gonsch

SVN | Chicago Commercial

Broker

$17.1M

vol

1 deal

Broker

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