Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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GrandStay Hotel and Suites | Peoria, Illinois

GrandStay Hotel and Suites

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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.
 
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More Details

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Confidentiality Agreement

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

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

 

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From Our Clients

"Ted,
I just wanted to thank you for your work selling our Chisholm hotel. Selling a hotel in the middle of a serious downturn on the Range took hard work and real professionalism. You came through in all areas and it is much appreciated."

- David Weber - Owner/Partner - Chisholm Inn & Suites, Chisholm Minnesota

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