Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
Email Us

P  952-405-9370

Click Here to download our brochure.

Social Media

Follow us on Twitter View our Profile

Properties for Sale

Back to All Listings

GrandStay Hotel and Suites | Peoria, Illinois

GrandStay Hotel and Suites

View larger

Property Summary

Location 9106 N Lindbergh Drive, Peoria, IL, 61615-1422

Price $4,375,000

Rooms 84

Price Per Key $52,083

Revenue $1,384,352 for 2019

The Property
Leines Hotel Advisors, Inc offers on an exclusive basis the GrandStay Hotel and Suites of Peoria, Illinois. This hotel was newly franchised in the summer of 2019 to the upscale GrandStay brand to command a higher rate and greater operating flexibility. The higher rate, together with the lower franchise expense and more responsive marketing, make this an ideal hotel to add to your portfolio. 
 
The property features 84-rooms in 3 stories, including jacuzzi suites, two-room suites, and three-room suites with a kitchen and fireplace. Hotel features include an elevator, indoor pool, hot tub, high-speed internet, and meeting/party rooms. It is fully ADA compliant, including its web presence. Originally built in 1999 and still held by the original ownership group, it has been continually updated to stay on top of the market. This includes a complete asphalt replacement to the parking lot in 2019, and new electronic door locks in 2018. Details about additional improvements are available in the Investment Memorandum. 
 
The Location
The GrandStay Hotel and Suites of Peoria is located off of Knoxville Ave, south of Highway 6. It is immediately adjacent to the RLI Insurance Corporate Headquarters and campus and the Mt. Hawley Airport. The Mt. Hawley Airport is a public use airport used frequently by private commercial aircraft. The GrandStay is ideally suited to cater to these guests. In addition, the immediate area has a full complement of retail services including restaurants, banking, fuel stops, coffee shops and more. 
 
 
For an aerial view click this link: Aerial View
 
Investment Highlights: 
  • Offered at 3.2x room revenue.
  • 2019 ADR: $103
  • 2019 Occupancy: 44%
  • Part of the RLI Insurance Company Corporate Campus.
  • A full complement of retail services nearby.
 
Additional Features: 
  • Variable configurations of two-room and three-room suites.
  • Indoor pool and spa, all ADA compliant.
  • Electronic door locks.
  • Parking lot redone in 2019.
  • Meeting/party rooms.
 
Resource Links: 
 
 
 
 

 

Scan here for directions to the GrandStay Hotel & Suites of Peoria, Illinois.

More Details

To request more investment details for this listing, please fill out our "Confidentiality Agreement" by clicking on the button below:

Confidentiality Agreement

For more information call or email Leines Hotel Advisors, Inc.

Call 952-405-9370 or Email Leines Hotel Advisors, Inc. 

 

Login

You can view confidential information for this property by logging in and downloading the file(s) you're interested in. To get access to these files you must first be approved by filling out a Confidentiality Agreement for the property. You can find the agreement at the lower center of this screen.

New Listings Signup

If you want to be notified whenever we have a new listing, please enter your name and email address below.

Click to refresh image

Map of Our Listings

Map of listings

From Our Clients

"Ted Leines and Leines Hotel Advisors did an excellent job with the sale of our hotel. We had several difficult issues that could have derailed our sale of the property. Ted gave us the guidance we needed to make sound decisions. Ted found us a good buyer and kept the process moving forward and on track. Given these difficult economic times, and the tough lending environment we are in, we were very pleased with the outcome. We highly recommend Leines Hotel Advisors for the sale of your hotel."

- Richard Thompson - President - International Management Company

View Testimonials

  RSS Feed

Subscribe to our RSS feed to stay on top of news, reports, and property announcements.

Subscribe

We use cookies to provide you the best experience using our website.
By continuing to use the site you agree that we can save them on your device.
Our cookies don't collect personal information.