1928 W War Memorial Dr | Peoria, IL 61614
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1928 W War Memorial Dr
Peoria, IL 61614
Courtyard Peoria | Sought-After Destination · Hospitality Property For Sale
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58,500 SF
INVESTMENT HIGHLIGHTS
- Courtyard Peoria is an attractive, 78-room hotel superbly positioned with premier visibility off the I-74 and US Route 150 interchange in Peoria.
- Opportunity to revamp the operations by implementing strategic cost control initiatives and employing more aggressive yield management strategies.
- Hotel benefits from a valuable 14-year franchise license, which is incredibly rare for Marriott products of this age.
- Ideal proximity to the Illinois Central College, OSF Outpatient Medical Center Carle Health Center, and corporate offices spanning several industries.
- Excellent investment offered well below replacement costs with significant RevPar upside within a highly trafficked area surrounded by demand drivers.
- Short commute to Bradley University, Peoria Airport, Caterpillar World Headquarters, Louisville Slugger Complex, and the Peoria Civic Center.
PROPERTY FACTS
| Sale Condition | Auction Sale | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1994/2012 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.44/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.19 AC | Parcel Number | 1430201018 |
| Building Size | 58,500 SF | ||
| Zoning | GC | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.19 AC |
| Building Size | 58,500 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1994/2012 |
| Tenancy | Single |
| Parking Ratio | 1.44/1,000 SF |
| Corridor | Interior |
| Zoning | GC |
| Parcel Number | 1430201018 |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
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