February 20, 2019 – The Peoria Marriott Pere Marquette Hotel will return to its original grandeur under new ownership, dedicated to celebrating the magnificence of the hotel and City of Peoria. The new ownership group is led by National Real Estate Advisors, LLC (“National”) on behalf of its open-end fund. The hotel has entered a new agreement to remain a Marriott hotel.
Conveniently located on the corner of Main Street and Southwest Madison Avenue, a strong indicator of the positive momentum expected to continue at the Peoria Marriott Pere Marquette Hotel, the property received the esteemed AAA Four Diamond Rating at the end of last year. Planned enhancements for the property include multi-million dollar upgrades in both public spaces and meeting spaces.
“The Peoria Marriott Pere Marquette Hotel is an iconic, contemporary and timeless property that has been a staple in the community for years in the heart of Peoria,” said Jeff McLinden, managing director of the Peoria Marriott Pere Marquette. “The new ownership group is committed to returning it to its grandeur, and we are eager and excited to work with them to unveil the new enhancements for not only our guests to enjoy, but also the community.”
“The Peoria Marriott Pere Marquette Hotel has gone though many changes over the past few years, but under our ownership, we will be implementing enhancements that will truly revitalize its famed stature,” said Jeff Kanne, President and CEO of National. “We are all committed to giving this hotel an exciting new chapter.”
The 12-story, full-service boutique hotel was originally constructed in 1926 and was added to the National Register of Historic Places in 1982. The hotel features 286 uniquely designed rooms and 31 suites, including a presidential suite. Featured amenities include luxury linens in every guest room, complimentary Wi-Fi throughout the hotel, and the famed Table 19 on-site restaurant. With over 18,000 square feet of event space, the Peoria Marriott Pere Marquette Hotel is the perfect setting for a business meeting or social event, and is connected to an additional 110,000 square feet of event space at the Peoria Civic Center. Community spaces throughout the hotel include an expansive lobby and Great Room, fitness center and two ballrooms that can hold 650 guests for larger events, such as weddings and corporate functions.
First Hospitality Group, Inc. (FHG), the leading Midwest hotel management, acquisition and development company based in Chicago, will manage the hotel.
About National Real Estate Advisors, LLC
National Real Estate Advisors, LLC is an investment manager specializing in build-to-core, developing and managing large-scale, urban commercial and multifamily projects for its institutional client accounts. National constructs investment portfolios of modern property assets—apartment, office, mixed-use, industrial, data center and hotel—with design features, technological enhancements, and amenities that drive high tenant demand and can create value for investors. National is an independently operated subsidiary of the National Electrical Benefit Fund, a substantial pension trust with a significant amount of assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.
First Hospitality Group, Inc.
First Hospitality Group, Inc. (FHG) is a leading hotel management, acquisition and development company with more than 30 years of award-winning experience. FHG’s unique people-driven professional culture fosters a team of highly skilled and motivated hospitality experts who consistently deliver outstanding property level performance, as well as memorable and engaging guest experiences. Headquartered in Chicago, FHG’s portfolio features 14 worldwide brands and 6 independent brands, totaling 35 properties throughout the Unites States. Recognized in 2016 as #1 in Travel in Forbes America’s Best Midsize Employers 2016, #28 overall, and #3 amongst all of America’s best travel companies. FHG moved up to a #19 ranking out of all the 250 best midsize employers in the country in 2017 and #1 in the Travel category for the second year in a row. FHG is one of only 25 companies to ever place on the Forbes list two consecutive years. For more information about FHG, visit www.fhginc.com or follow them on Facebook @FHGinc and Twitter @FHGroup_Inc.