Best Western Plus Peoria
Hospitality | 85 Keys
Marketing description
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
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 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.
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