2000 W War Memorial Dr | Peoria, IL 61614
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2000 W War Memorial Dr
Peoria, IL 61614
Residence Inn Peoria | Premier Accessibility · Hospitality Property For Sale
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49,500 SF
INVESTMENT HIGHLIGHTS
- Residence Inn Peoria is a 66-key hotel with convenient accessibility adjacent to the US Route 150 and I-74 interchange in Peoria, Illinois.
- Asset RevPAR leads the competitive set with a market penetration of 187% while presenting a value-add opportunity to implement tactical initiatives.
- Unique, 14 + 5-year license from Marriott post-PIP with the potential for multifamily conversion in the future, accommodating long-term strategies.
- Positioned minutes from Illinois Central College, OSF Outpatient Medical Center Carle Health Center, and various corporate offices.
- Advantageously offered below replacement costs with the ability to further increase profitability within a prevailing area near demand drivers.
- Coveted location near Peoria Airport, Bradley University, Peoria Civic Center, Caterpillar World Headquarters, and the Louisville Slugger Complex.
PROPERTY FACTS
| Sale Condition | Auction Sale | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1993/2008 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.47/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.21 AC | Parcel Number | 14-30-201-017 |
| Building Size | 49,500 SF | ||
| Zoning | GC - Commercial | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.21 AC |
| Building Size | 49,500 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1993/2008 |
| Tenancy | Single |
| Parking Ratio | 1.47/1,000 SF |
| Corridor | Interior |
| Zoning | GC - Commercial |
| Parcel Number | 14-30-201-017 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
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VIDEOS
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