Four Points by Sheraton Peoria

For Sale

500 Hamilton Blvd, Peoria, IL 61602

This Peoria property for sale is located at 500 Hamilton Blvd. Contact the listing broker for details on the current sale price for Four Points by Sheraton Peoria. Four Points by Sheraton Peoria is situated on a lot that is 2.2 acre in size.

Contacts

broker
Doug Clark

RealINSIGHT Marketplace

Property Details

  • Property Type Hotel / Motel
  • Lot Size 2.2 Acre
  • Year Built 1975
  • Year Renovated 2020
  • Date Updated Mar 19, 2025

RI Marketplace Online Auction April 28-30, 2025

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Berkadia Hotels & Hospitality has been exclusively retained in connection with the solicitation of offers to acquire the fee simple interest in the 323-room Four Points by Sheraton Peoria (the ‘Hotel’, ‘Property', or ‘Asset’) through an auction sales process via RI Marketplace. Having been fully redeveloped/repositioned in 2020 with a construction budget of approximately $40MM ($125k/key), the Four Points Peoria provides a new owner the ability to acquire a recently renovated, nine-story, concrete and steel constructed hotel, with a best-in-class Marriott affiliation/loyalty program at a highly attractive basis far below replacement cost. The Asset is being offered fee simple, non-union, and unencumbered of management, permitting a potential buyer to implement tailored revenue management strategies that align the Asset’s top-line performance with market-level RevPAR ($84), while simultaneously allowing a new operator to drive operational efficiencies and cash-flow.

 

Scott Bowers

Auctioneer License ID 040000273

 

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Getting around

  • 82/100

    Walk Score ®

  • 51/100

    Transit Score ®

  • 53/100

    Bike Score ®

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Location

  • City Peoria, IL
  • Neighborhood Downtown Peoria
  • Zip Code 61602
  • Market Chicago

Points of Interest

  • BP Gas Station/Red Carpet Carwash/Convenience Store

    0.25 miles

  • BP

    0.26 miles

  • Tesla Motors Destination Charger

    0.36 miles

  • Shell

    0.95 miles

  • Huck's

    0.98 miles

  • Tesla Supercharger

    1.04 miles

  • Circle K

    1.94 miles

  • Costco Gasoline

    1.96 miles

  • ChargePoint

    3.49 miles

  • Parking for South Side Office of Concern

    0.05 miles

  • Parking for Busey Bank

    0.07 miles

  • Parking for Peoria Public Library employees

    0.12 miles

  • Parking for Peoria First United Methodist Church employees

    0.13 miles

  • Parking for Peoria First United Methodist Church

    0.16 miles

  • Hamilton Square Parking

    0.16 miles

  • Parking for Central Illinois Agency on Aging

    0.17 miles

  • Parking for the Mark Twain Hotel

    0.18 miles

  • Parking for 700 Main & Peoria First United Methodist Church

    0.18 miles

  • Parking for Sacred Heart

    0.19 miles

  • Four Points by Sheraton Peoria

    0.00 miles

  • Courtyard

    0.14 miles

  • Peoria Marriott Pere Marquette Hotel

    0.15 miles

  • Mark Twain Boutique Hotel

    0.19 miles

  • Staybridge Suites Peoria Downtown

    0.39 miles

  • Embassy Suites

    0.82 miles

  • Holiday Inn Express & Suites

    1.04 miles

  • Holiday Inn

    1.55 miles

  • Fairfield Inn & Suites

    1.76 miles

  • Residence Inn

    1.76 miles

  • Walmart Supercenter

    0.86 miles

  • ALDI

    1.51 miles

  • Target

    1.63 miles

  • Kohl's

    1.88 miles

  • Kroger

    2.19 miles

  • Walmart

    2.63 miles

  • Big Lots

    3.13 miles

  • Schnucks

    3.65 miles

  • JCPenney

    3.66 miles

  • Northwoods Mall

    3.69 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Doug Clark

RealINSIGHT Marketplace

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