SOLD – 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

Pere Marquette – Amended Bid Procedures

Pere Marquette – Order Approving Bid Procedures

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