Hotel-Motel
Best Western Plus Peoria
300 Eastlight Court, East Peoria, IL 61611
Listing Price: $6,600,000
Investment Overview
Marcus & Millichap is proud have been chosen to exclusively market
for sale the, Best Western Plus Peoria, an 85-room, upper-midscale
hotel in the heart of Greater Peoria. Offered below replacement cost
and under 3.5X room revenue, the asset offers immediate, stable cash
flow with upside potential realized through hands on operations
management implementation.
Located just off I-74 and minutes from downtown, the property
benefits from strong corporate demand driven by major employers
like Caterpillar Inc., OSF Healthcare, and Illinois Central College, as
well as steady leisure traffic from local attractions and events. Recent
renovations—including guest rooms, public areas, and amenities—
ensuring minimal initial capital expenditures expectations.
With solid revenue base, a prime location, Best Western flag, and
operational upside, this turnkey investment is positioned for long-term
growth in a strong Midwest MSA.
Best Western Plus Peoria
Investment Highlights
- Priced under $80K per key and below 3.5x room revenue with strong cash flow
- Recent major capital expenditures allows for stabilized operations with minimal deferred maintenance.
- Significant upside potential through hands-on management and strategic expense reduction
- Located in a strong Midwest MSA, Peoria is a regional hub supported by manufacturing, healthcare, education, and tourism
- Best Western Plus franchise offers strong brand recognition, global distribution support, and national marketing exposure
- Prime location near downtown Peoria, major highways, key employers, the airport, and I-74, with strong local demand.
Listing Price: $6,600,000
Investment Highlights
- Priced under $80K per key and below 3.5x room revenue with strong cash flow
- Recent major capital expenditures allows for stabilized operations with minimal deferred maintenance.
- Significant upside potential through hands-on management and strategic expense reduction
- Located in a strong Midwest MSA, Peoria is a regional hub supported by manufacturing, healthcare, education, and tourism
- Best Western Plus franchise offers strong brand recognition, global distribution support, and national marketing exposure
- Prime location near downtown Peoria, major highways, key employers, the airport, and I-74, with strong local demand.
Investment Overview
Marcus & Millichap is proud have been chosen to exclusively market for sale the, Best Western Plus Peoria, an 85-room, upper-midscale hotel in the heart of Greater Peoria. Offered below replacement cost and under 3.5X room revenue, the asset offers immediate, stable cash flow with upside potential realized through hands on operations management implementation. Located just off I-74 and minutes from downtown, the property benefits from strong corporate demand driven by major employers like Caterpillar Inc., OSF Healthcare, and Illinois Central College, as well as steady leisure traffic from local attractions and events. Recent renovations—including guest rooms, public areas, and amenities— ensuring minimal initial capital expenditures expectations. With solid revenue base, a prime location, Best Western flag, and operational upside, this turnkey investment is positioned for long-term growth in a strong Midwest MSA.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
