Agrani Ventures and Prominence Consulting have jointly acquired the Courtyard Peoria and Residence Inn Peoria in Peoria, IL. Multimillion-dollar renovations are planned for both properties. Prominence Hospitality will manage the hotels.
“This acquisition is a key milestone for Agrani Ventures as we continue expanding our hospitality portfolio,” said Ajay Barot and Parin Patel, managing directors, Agrani Ventures. “We see strong potential in Peoria and are committed to building long-term strategic investments that enhance the region’s hospitality landscape.”
Rana Rehan Zaid, managing principal, Prominence Consulting, added, “This investment underscores our confidence in Peoria’s market and the future of these properties. Through our partnership with Agrani Ventures, we are committed to driving operational excellence and delivering a high-quality hospitality experience that enhances both guest satisfaction and long-term value.”
“With our experienced management team and planned renovations, these properties will be elevated to meet the highest hospitality standards. We are excited to oversee their transformation and deliver a seamless experience for guests while driving performance for our partners,” said Dhaval Brahmbhatt, principal, Prominence Hospitality.
