252-673-2388
300 W Romeo B Garrett Ave, Peoria, IL for Sale
Hospitality - FOR SALE
1/54
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300 W Romeo B Garrett Ave
Peoria, IL 61605
Downtown Peoria


HIGHLIGHTS

  • Only extended-stay lodging option located in Downtown Peoria
  • Recent renovations significantly reduce future capital expense requirements.
  • Walkable proximity to the Peoria Civic Center, OSF Saint Francis Medical Center, and Bradley University.
  • Full suite of amenities includes an indoor pool, fitness center, business center, and public access Wi-Fi.
  • 138 surface parking spaces available for convenient guest access.

OVERVIEW

This unique hospitality asset offers an extended-stay hotel experience within the heart of Downtown Peoria, presenting an exceptional opportunity for investors seeking revenue growth and strong lodging fundamentals. Recently renovated with significant capital improvements, the property minimizes near-term CapEx, easing operational transitions for new ownership. The asset has demonstrated solid performance with approximately $3 million in revenue and a RevPAR growth trend of about 19% year over year creating a compelling operational upside. Positioned within walking distance of major demand drivers such as corporate headquarters, healthcare systems, higher education institutions, and vibrant entertainment venues, the hotel boasts a superior demand profile. Its amenities include an indoor pool, fitness center, business center, hot tub, and complimentary public Wi-Fi, catering to both business and leisure travelers. With operational upside through enhanced ADR strategies and occupancy management, this property offers a scalable investment with long-term value potential.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

105

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Staybridge Suites Peoria-Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

138

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

B1

APN/PARCEL ID

18-09-134-013,18-09-136-023

ASK ABOUT THIS PROPERTY

Gray RodgersSkyBridge GroupMore Info
252-673-2388

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Gray RodgersSkyBridge GroupMore Info
252-673-2388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.