At a grand re-opening ceremony on June 28, 2013, Peoria’s “Grand Lady”, The Pere Marquette Hotel, reopened its doors to the public after an extensive renovation. National Real Estate Advisors, LLC (National) is the lead lender providing $30 million of construction financing for the $93 million downtown renovation of the property which includes a 400 space parking deck, and a pedestrian skywalk that will connect the complex to the Peoria Civic Center. In addition, a 116 room Marriott Courtyard Hotel will be built adjacent to the Pere Marquette Hotel. The occasion was marked with a ribbon cutting ceremony attended by the public, local press members and many local dignitaries including the Mayor of Peoria, Jim Ardis, and Marriott International Area Vice President, Rita Cuddihy.
The Hotel, which is on the national register of historical places, opened in 1927 in downtown Peoria as the 500-room Pere Marquette. The property is significant because it is an authentic surviving representative of the grand architectural style and ornate public spaces that characterized the leading Eastern hotels of the 1920’s era. The 18 month long renovation by developer EM Properties revealed 286 updated rooms and ballrooms as well as a newly redesigned lobby. Under Marriott management the Pere Marquette features a “Great Room” style lobby which integrates the front desk, business center, lobby bar and restaurant area. In addition, the Pere Marquette offers four glamorous ballrooms and seven meeting rooms to suit gatherings and celebrations. The Hotel’s upscale signature restaurant, Table 19, is anchored by Chef Matthew Lanetta, and will serve modern American cuisine using local farm-raised ingredients. The renovation of the historic hotel will serve downtown Peoria for years to come.
Specializing in real estate investments on behalf of large institutional investors, National Real Estate Advisors, LLC manages more than $1.7 billion of client capital invested in more than $4.5 billion of property nationwide. To learn more about National, please visit our website at www.natadvisors.com
EM Properties, Ltd. (EM) is a Peoria based group specializing in the development of hotel, office, restaurant, and retail property. With decades of experience, EM’s in-house professional staff manages all phases of project development from site survey and building design to procurement and construction.