500 Hamilton Blvd | Peoria, IL 61602
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- LoopNet Team
500 Hamilton Blvd
Peoria, IL 61602
First Bid Meets Reserve | Lender-Driven Sale · Hospitality Property For Sale
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485,330 SF
Investment Highlights
- Recently renovated/repositioned hotel with concrete/steel construction offered at an outstanding discount to replacement cost and the owner’s budget.
- Premier convention hotel, complimented by a diverse amenity base and supplemental income streams.
- Best-in-class Marriott affiliation with long-term license available. I Unrivaled location in Downtown Peoria with ideal supply story.
- Fee simple, non-union, and unencumbered of management.
- Significant and immediate financial upside (top- and bottom-line performance), with an in-place accretive TIF benefit through 2031.
- Positioned to capitalize on significant local development activity.
Property Facts
| Sale Condition | Auction Sale | Building Size | 485,330 SF |
| Type of Ownership | Fee Simple | No. Stories | 9 |
| Property Type | Hospitality | Year Built/Renovated | 1975/2020 |
| Property Subtype | Hotel | Parking Ratio | 0.62/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.00 AC | Parcel Number | 18-09-208-007 |
| Zoning | C | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 485,330 SF |
| No. Stories | 9 |
| Year Built/Renovated | 1975/2020 |
| Parking Ratio | 0.62/1,000 SF |
| Corridor | Interior |
| Zoning | C |
| Parcel Number | 18-09-208-007 |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Convention Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
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