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 · 42,400 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 Conditions | Auction Sale | Number of Floors | 3 |
| Property Type | Hospitality | Year Built | 1993 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.91/1,000 SF |
| Lot Size | 2.22 AC | Corridor | Interior |
| Building Size | 42,400 SF |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.22 AC |
| Building Size | 42,400 SF |
| Number of Floors | 3 |
| Year Built | 1993 |
| Tenancy | Single |
| Parking Ratio | 1.91/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £711,723 | |
| Land Assessment | £273,038 | Total Assessment | £984,760 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£273,038
Improvements Assessment
£711,723
Total Assessment
£984,760
zoning
| Zoning Code | GC (Commercial) |
| GC (Commercial) |
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