Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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P 952-405-9370
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Properties for Sale
GrandStay Hotel and Suites | Peoria, Illinois
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Property SummaryLocation 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:
For more information call or email Leines Hotel Advisors, Inc.
Call 952-405-9370 or Email Leines Hotel Advisors, Inc.
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