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Staybridge Suites Peoria-Downtown 300 W Romeo B Garrett Ave 105 Room Hotel Peoria, IL 61605 For Sale
Investment Highlights
- Only extended-stay lodging option located in Downtown Peoria
- Walkable proximity to the Peoria Civic Center, OSF Saint Francis Medical Center, and Bradley University.
- 138 surface parking spaces available for convenient guest access.
- Recent renovations significantly reduce future capital expense requirements.
- Full suite of amenities includes an indoor pool, fitness center, business center, and public access Wi-Fi.
Executive Summary
This unique hospitality asset offers an extended-stay hotel experience within the heart of Downtown Peoria, presenting an exceptional opportunity for investors seeking revenue growth and strong lodging fundamentals. Recently renovated with significant capital improvements, the property minimizes near-term CapEx, easing operational transitions for new ownership. The asset has demonstrated solid performance with approximately $3 million in revenue and a RevPAR growth trend of about 19% year over year creating a compelling operational upside. Positioned within walking distance of major demand drivers such as corporate headquarters, healthcare systems, higher education institutions, and vibrant entertainment venues, the hotel boasts a superior demand profile. Its amenities include an indoor pool, fitness center, business center, hot tub, and complimentary public Wi-Fi, catering to both business and leisure travelers. With operational upside through enhanced ADR strategies and occupancy management, this property offers a scalable investment with long-term value potential.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2000/2025 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.39/1,000 SF |
| Lot Size | 2.17 AC | Corridor | Interior |
| Building Size | 99,630 SF | Opportunity Zone |
Yes
|
| No. Rooms | 105 | ||
| Zoning | B1 - Downtown Business District | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.17 AC |
| Building Size | 99,630 SF |
| No. Rooms | 105 |
| No. Stories | 3 |
| Year Built/Renovated | 2000/2025 |
| Tenancy | Single |
| Parking Ratio | 1.39/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | B1 - Downtown Business District |
Amenities
- Business Center
- Fitness Center
- Indoor Pool
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 105 | $299.31 CAD | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,686,449 CAD | |
| Land Assessment | $284,619 CAD | Total Assessment | $2,971,068 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$284,619 CAD
Improvements Assessment
$2,686,449 CAD
Total Assessment
$2,971,068 CAD
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Staybridge Suites Peoria-Downtown | 300 W Romeo B Garrett Ave
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