Candlewood Suites Extended-Stay
For Sale
Contact for pricing
5300 West Landens Way, Peoria, IL 61615
Renovated interior-corridor lodging asset beside walkable retail and dining amenities.
Property SizeContact for details
Days on Market12
Property Features for 5300 West Landens Way
General Information
Standard status
Active
Property subtype
Hospitality
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Year Renovated
2023
Stories
3
Listing Agency:
CBRE - Chicago
Listed By:
Scott Miller · License #IL
Source:
Crexi
Added: Aug 24
Changed: Sep 3
Last Checked: Sep 3 at 2:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Chicago
Investment Insights
Based on property information with market context.
The 83-room Candlewood Suites is a three-story, interior-corridor extended-stay hotel built in 2007. A comprehensive renovation finished in 2023 and updated the guestrooms, guest bathrooms, lobby, corridors, and exterior. The property operates under the Candlewood Suites brand and is positioned as an extended-stay lodging asset in Peoria’s Grand Prairie submarket.
The hotel sits adjacent to the Shoppes at Grand Prairie, providing access to nearby retail and dining. Interstate 74 is accessible through War Memorial Drive, with connections toward Galesburg, the Quad Cities, Bloomington, Champaign, and Chicago via Interstate 55. Area demand generators identified for the property include Caterpillar, Komatsu America Corp, Maui Jim, Vonachen Group, OSF Healthcare, Carle Health Methodist Hospital, Louisville Slugger Sports Complex, and Bradley University.
For the trailing-twelve-month period ending March 2026, the hotel recorded 76 percent occupancy, $83 RevPAR, and $109 ADR. Year-to-date through June 2026, RevPAR was $89, representing an 18 percent increase from the comparable prior-year period.
The hotel sits adjacent to the Shoppes at Grand Prairie, providing access to nearby retail and dining. Interstate 74 is accessible through War Memorial Drive, with connections toward Galesburg, the Quad Cities, Bloomington, Champaign, and Chicago via Interstate 55. Area demand generators identified for the property include Caterpillar, Komatsu America Corp, Maui Jim, Vonachen Group, OSF Healthcare, Carle Health Methodist Hospital, Louisville Slugger Sports Complex, and Bradley University.
For the trailing-twelve-month period ending March 2026, the hotel recorded 76 percent occupancy, $83 RevPAR, and $109 ADR. Year-to-date through June 2026, RevPAR was $89, representing an 18 percent increase from the comparable prior-year period.
Key Highlights
- 83‑room Candlewood Suites extended‑stay hotel in Peoria, Illinois
- Three‑story interior‑corridor design; built in 2007
- Comprehensive renovation completed in 2023
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 61615, IL
24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Renovated interior-corridor lodging asset beside walkable retail and dining amenities.
Where is this hotel located?
The property is located at 5300 West Landens Way Peoria, IL.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: 83‑room Candlewood Suites extended‑stay hotel in Peoria, Illinois; Three‑story interior‑corridor design; built in 2007; Comprehensive renovation completed in 2023
