Bankruptcy Auction: Peoria, IL Marriott Hotels

Bid Deadline: September 7, 2018
Auction Date: September 11, 2018



Situation Overview

Keen-Summit Capital Partners LLC has been engaged by GEM Hospitality, LLC, et al. (“Debtors”), as exclusive adviser for the sale of the nationally registered historic Marriott Peoria Pere Marquette (286 rooms) and the newly built Courtyard Peoria Downtown (116 rooms) hotels and adjacent parking garage as a going-concern. Opportunity for New Flag or extend with Marriott.

Area Overview

Located in historic downtown Peoria, IL, the portfolio is connected to the Peoria Civic Center via a pedestrian bridge. The hotels are within walking distance to the Caterpillar Inc. offices, Peoria Public Library, Peoria City Hall, Peoria County Courthouse and the famed Peoria riverfront.

Video Tour

Link to Dataroom

Pere Marquette - Amended Bid Procedures

Pere Marquette - Order Approving Bid Procedures

 

  • Street View - All Three Properties
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Marriott Peoria Pere Marquette
501 Main Street, Peoria, IL

  • Nationally registered historic, elegant 286-room hotel
  • Built in 1927 with extensive renovations in 2013
  • Restaurant: 205-seat Table 19 restaurant and 100-seat Greatroom Lounge
  • Seven meeting rooms with ~18,210 sq. ft. of space
  • Amenities: fitness center, business center, gift shop, concierge lounge and access to a shared pool

Courtyard Peoria Downtown
533 Main Street, Peoria, IL

  • Modern sophisticated 116-room hotel
  • Newly built and opened in 2014
  • One ~600 sq. ft. meeting room
  • Amenities: fitness center, business center, guest laundry, convenience stores and access to a shared pool

Adjacent Parking Garage
128 SW Monroe Street, Peoria, IL

  • 5-story parking garage with ground level retail
  • 402 space parking deck
  • Elevated walkway that connects to the Peoria Civic Center

GEM Hospitality Flyer

Link to Dataroom

 

Contact

Chris Mahoney
(646) 381-9205

Heather Milazzo
(646) 381-9207

Doug Greenspan
(646) 381-9218