EAST PEORIA, Ill.-- The city of East Peoria is cashing in on recent development in its downtown region, as well as banking on more to come.
Tuesday night, officials announced another potential addition: an extended-stay hotel. It's a deal they call a 'big win' for the city.
At Tuesday's meeting, city council members voted 4-1, approving a more than $800,000 purchasing agreement with Louisiana-based InterMountain Management.
It's for a piece of property along the Illinois river, between Granite City Brewery and the Embassy Suites hotel.
The plan: to build a Marriott Towneplace suites hotel, with a price tag of $9 to 12 million.
Council members say while the area has several hotels already, additions like Bass Pro and the up-and-coming Costco and Target stores will increase demand.
"Our chamber of commerce and different places are bringing in more and more events to this area. Our business community is growing," said Commissioner Dan Decker. "Having said that, our hotels need to grow to support that."
Tuesday's was the first of two votes needed to finalize the deal.
Officials hope to have the new Marriott hotel up and running by September 2014.