Hotels for Sale

Comfort Suites Peoria, IL

Address:
Peoria, Illinois
Description:

• Fee simple interest in institutionally owned and third party managed 65-room Comfort Suites offered at a fraction of replacement cost
• Property offered for individual sale through Ten-X as part of a larger portfolio sale through Ten-X
• Available unencumbered of debt and third-party management with ability to retain the Comfort Suites brand
• Moderate change of ownership PIP expected with approximately $550,000 (~$8k per key) of recently completed renovations
• Situated adjacent to Interstate 74 with upwards of 60,000 cars passing the location daily
• Optimal location in the heart of Peoria, proximate to the city’s top-ten largest employers
• Proximate to all regional demand generators including Bradley University, the University of Illinois College of Medicine at Peoria, and Peoria International Airport
• Within walking distance of numerous full-service nationally recognized restaurants

Listing Agent

Beau Mullenix
T: 314.568.7098
Email

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