The Marriott Pere Marquette Hotel and Courtyard will remain "open and operating" for the foreseeable future despite ongoing foreclosure proceedings, said the property's court appointed receiver.
"We are working to stabilize the hotels and to attract new guests. Marriott recently agreed to accept reservations through the end of July and we expect that system to reopen soon. We expect to have a long-term solution in place before then," said Bob Howard, a realtor and receiver for the property. "While we understand that the legal predicament of the hotels may cause some concerns for prospective guests, we are confident in our ability to accommodate guests and events at the Marriott Pere Marquette and the Courtyard.”
The financially-troubled hotel's future after a foreclosure judgment was found against the hotel owned by developer Gary Matthews. The property's largest investor, pension fund Indure Build-to-Core, sought $33.9 million from Matthews. The city of Peoria also loaned more than $8 million to the project.