From WEEK-TV:

A new hotel franchise is on its way to downtown Peoria.

In an agreement between Holiday Inn City Centre and Starwood Hotel & Resorts Worldwide, Inc., the Holiday Inn hotel will officially be renamed Four Points by Sheraton Downtown Peoria.

A multimillion dollar enhancement for the hotel has already been put into action.

I heard about this after the council meeting last night from the reporters who were there covering the meeting. I have to admit that I was shocked — shocked! — to hear this news. I was told by recently reelected Councilman Turner that this kind of thing simply will not happen unless the City offers millions of dollars in incentives. Yet, this upgrade to the property is being done with private dollars.

Four Points by Sheraton is described as “an upscale four star hotel chain for business and leisure travelers” according to Wikipedia.