1928 W War Memorial Dr - Hospitality FOR SALE
Peoria, IL 61614 |
1928 W War Memorial Dr
Peoria, IL 61614
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.
- Ideal proximity to the Illinois Central College, OSF Outpatient Medical Center Carle Health Center, and corporate offices spanning several industries.
- Opportunity to revamp the operations by implementing strategic cost control initiatives and employing more aggressive yield management strategies.
- Excellent investment offered well below replacement costs with significant RevPar upside within a highly trafficked area surrounded by demand drivers.
- Hotel benefits from a valuable 14-year franchise license, which is incredibly rare for Marriott products of this age.
- Short commute to Bradley University, Peoria Airport, Caterpillar World Headquarters, Louisville Slugger Complex, and the Peoria Civic Center.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Courtyard Peoria | Sought-After Destination
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
58500
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1994
PARKING SPACES
84
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
GC
APN/PARCEL ID
1430201018
