PEORIA, ILL.—Newmark Grubb Knight Frankrepresented the seller in the disposition of the Four Points by Sheraton hotel in downtown Peoria, Ill. The sale was negotiated by Senior Managing Director Sam Winterbottom and Director Bhavesh (B.J.) Patel, both with the Newmark Grubb Knight Frank Atlanta office.
The hotel, which contains 319 guestrooms, is located in close proximity to the Peoria Civic Center, Bradley University, major hospitals and more.
The buyer is planning a completeimprovement plan at the hotel.