- Midscale Choice Hotels Affiliation: Quality Inn & Suites featuring 115 guest rooms across three stories on 3.24 acres.
- Prime Location: Excellent accessibility to Peoria’s primary commercial corridors and regional destinations via Interstate 74. Near strong demand drivers like Bradley University, Illinois Central College - East Peoria Campus, and the Caterpillar Visitors Center.
- Extensive Amenity Offering: Indoor/outdoor heated pool, fitness center, 1,587 SF of meeting space, truck and bus parking, and business center.
- Recent and Ongoing Capital Investment: Tankless water heaters, newer PTACs, rooftop HVAC units, pool heater, RFID locks, and updated common areas.
- Climbing Submarket RevPAR: As of October, the 12-month average RevPAR in the Peoria/Pekin Hotel Submarket increased by over 0.8 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.
- Room Revenue Upside Potential: With a RevPAR Index of 82 percent, the hotel presents untapped potential. Leveraging strategic revenue management and targeted marketing initiatives could increase room revenue to $1.67–$1.86 million, unlocking significant upside and delivering stronger returns for investors.
INVESTMENT OVERVIEW
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 places 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, Northwoods Mall, and the Peoria Riverfront Museum. Also, along the riverfront, Peoria’s Fourth of July Skyconcert draws more than 100,000 attendees each year. Outdoor recreation and regional attractions include the Illinois River Road National Scenic Byway, which offers hunting, fishing, hiking, and biking experiences. Additionally, nearby venues include the Louisville Slugger Sports Complex and Limelight Eventplex, while construction for a new casino in Peoria is expected to begin in 2026 and is anticipated to further strengthen long-term lodging demand in the market.
As of October, the 12-month average RevPAR in the Peoria/Pekin Hotel Submarket increased by over 0.8 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market. With a RevPAR Index of 82 percent, the hotel presents untapped potential. Leveraging strategic revenue management and targeted marketing initiatives could increase room revenue to $1.67–$1.86 million, unlocking significant upside and delivering stronger returns for investors.
Peoria is a city in central Illinois and the oldest community in the state, with a population of approximately 112,936 residents. Strategically located along the Illinois River, Peoria sits nearly equidistant between Chicago and St. Louis, positioning it as a key regional hub. The city also serves as the U.S. headquarters of Caterpillar Incorporated, anchoring a strong global manufacturing presence while also supporting a growing diversification into information technology and advanced services. As a three-time All-American City, Peoria is recognized for offering an exceptional standard of living characterized by safe neighborhoods, accessible shopping, and first- class medical facilities, all within a compact, commuter-friendly footprint.
BROKER OF RECORD
Steven Weinstock
Lic #: 471.011175
P: (630) 570-2200
