Project Description

Opened in 2009 and recently renovated, the four-story hotel stands as one of the only Marriott branded hotels in East Peoria. The property consists of 89 keys which includes 33 suites. The hotel amenities include an indoor pool, fitness center, business center, market pantry, as well as guest laundry services. The diverse local economy is home to Caterpillar Inc. which captures a great deal of the local corporate business. OSF Saint Francis Medical Center and Unity Point Health draw consistent medical demand in the submarket. Bradley University, the local top ranked private university, also calls Peoria home.

LOCATION: Peoria, Illinois

YEAR BUILT: 2009

NUMBER OF ROOMS: 89

AQUISTION DATE: August 2019

PROJECTED IRR: 15%

PROJECTED EQUITY MULTIPLE: 1.76

BUSINESS PLAN: Management Realignment