Hotels for Sale

Staybridge Suites Downtown Peoria, IL

Address:
Peoria, Illinois
Description:
  • Fee simple interest in the receiver controlled and managed 105-room, Staybridge Suites Peoria offered at a substantial discount to replacement cost
  • Receiver sale via the August 11th auction event with Ten-X
  • Ability to retain the IHG Staybridge Suites flag for a new long-term license upon completion of the PIP
  • Strong operational upside for prospective new owner/operator with property under receiver control since March 2020
  • All suites / extended stay segmentation positions the property to outpace the broader area and national recovery
  • Adjacent to the Peoria Civic Center – the 1MM-square-foot convention and entertainment center is the largest event facility in southern Illinois and host to 700+ events annually
  • Peoria Civic Center houses the Peoria Convention Center, as well as the 12,000-seat capacity Carver Arena and the 2,100-seat capacity theater
  • Walking distance to all core downtown Peoria demand – including Dozer Park, Peoria Riverfront Museum, the Spirit of Peoria, Caterpillar and the Caterpillar Visitors Center
  • Proximate to all six area colleges and less then one mile from the 5,400-student Bradley University – a top five area employer
  • Proximate to all area healthcare demand and approximately one mile from OSF Saint Francis Medical Center and UnityPoint Health – both top three area employers
  • Readily accessible to Peoria International Airport – with recently announced expanded service and additional airline routes

Listing Agents

Subu Thiagarajan
T | 510.205.7931
Email

Adam Montufar
T | 515.446.4181
Email

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