Hospitality Business for Sale in Peoria, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Peoria, IL 61614
  • Year built: 1988

Description

As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Quality Inn & Suites Peoria (‘Hotel’ or ‘Property’) located at 4112 North Brandywine Drive in Peoria, Illinois. The select-service, Choice Hotels International-branded Hotel is offered on a “Request for Offers” basis. Please reach out to the listing agent for more information. Constructed in 1988, this three-story Hotel is situated on a 3.24-acre parcel, encompassing 47,298 square feet, featuring 115 guest rooms and 102 parking spaces. Common area amenities appeal to a wide range of guests, and includes a fitness center, indoor and outdoor heated pool, meeting space totaling 1,587 square feet, business center, laundry facilities, truck and bus parking, vending machines, sun deck, and picnic area. The Quality Inn & Suites Peoria has benefited from consistent reinvestment and upgrades that enhance both guest experience and operational reliability. Improvements include new lobby furniture installed in 2017; replacement of lobby, hallway, and meeting room carpeting in 2018; installation of tankless water heaters throughout the property in 2021; and replacement of rooftop HVAC units. Additional upgrades include a new pool heater in 2023, a new commercial washer in 2024, RFID guestroom locks installed in 2024, and approximately 30 newer PTAC units. The Property also features a metal roof installed in 2015, further reducing near-term capital exposure for new ownership. Strategically located just off Interstate 74, the Hotel offers convenient access to the greater Peoria metro area and is approximately 10 miles from General Wayne A. Downing Peoria International Airport. The Property’s central location within one of Central Illinois’ primary educational hubs place it within five miles of both Bradley University and Illinois Central College - East Peoria Campus. Corporate and tourism demand is further supported by the Caterpillar Visitors Center, Northwo

Market Context

This hospitality in Peoria, IL is listed for sale. The building dates to 1988. It has been on the market for 67 days. Compare it against other hospitality listings for sale in Peoria, IL — <a href="/search/sale/hospitality/illinois/peoria">view the full market</a>.

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