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Hotel-Motel

Redevelopment Opportunity - Knights Inn Shreveport

4935 W Monkhouse Dr, Shreveport, LA 71109

Listing Price: $2,000,000

Cap Rate
1.00%
Number of Rooms
148
RevPAR
$1
Price/Room
$13,514
RRM
1.00
Year Built
1995

Investment Overview

The Knights Inn Shreveport is a 148-room limited-service Hotel stationed at 4935 West Monkhouse Drive. The RLH Corporation-Branded Property is comprised of three stories, encompassing about 65,000 square feet. Shreveport is a city in northwest Louisiana and is the third most populous city after New Orleans and Baton Rouge. Shreveport is the educational, commercial, and cultural center of the Arkansas-Louisiana-Texas region where the three states meet. Prominent industries within Shreveport include education, logistics, finance, retail, oil, and entertainment. The education industry is made up of five universities: Centenary College of Louisiana, Louisiana State University Shreveport, Louisiana Tech University Shreveport, Southern University at Shreveport, and Louisiana Baptist University. Other major businesses include Amazon, Regions Financial Corporation, JPMorgan Chase, Sam's Town Hotel and Gambling Hall, AT&T Mobility, United Parcel Service, Walmart, Chick-fil-A, Waffle House, SWEPCO, General Electric, UOP LLC, Calumet Specialty Products Partners, and APS Payroll call Shreveport home. Additionally, tourism and entertainment play a major role in the local economy and the city has various casinos, horse racetracks, and the Louisiana Boardwalk. The Knights Inn Shreveport is located off Interstate 20, providing excellent visibility and quick access to east-west travelers. This ideal location puts the Hotel in close proximity to the Shreveport Regional Airport, the third busiest airport in the state.

Investment Highlights

  • Three-Story, 148-Room, Limited-Service Hotel with Upside Potential Through Redevelopment
  • Priced Well Below Replacement Cost at $36,364 Per Key
  • Located Off Interstate 20 with Excellent Visibility and Accessibility to East-West Travelers

Exclusively Listed By

Hotel-Motel

Redevelopment Opportunity - Knights Inn Shreveport

Listing Price: $2,000,000

Cap Rate
1.00%
Number of Rooms
148
RevPAR
$1
Price/Room
$13,514
RRM
1.00
Year Built
1995

Investment Highlights

  • Three-Story, 148-Room, Limited-Service Hotel with Upside Potential Through Redevelopment
  • Priced Well Below Replacement Cost at $36,364 Per Key
  • Located Off Interstate 20 with Excellent Visibility and Accessibility to East-West Travelers

Investment Overview

The Knights Inn Shreveport is a 148-room limited-service Hotel stationed at 4935 West Monkhouse Drive. The RLH Corporation-Branded Property is comprised of three stories, encompassing about 65,000 square feet. Shreveport is a city in northwest Louisiana and is the third most populous city after New Orleans and Baton Rouge. Shreveport is the educational, commercial, and cultural center of the Arkansas-Louisiana-Texas region where the three states meet. Prominent industries within Shreveport include education, logistics, finance, retail, oil, and entertainment. The education industry is made up of five universities: Centenary College of Louisiana, Louisiana State University Shreveport, Louisiana Tech University Shreveport, Southern University at Shreveport, and Louisiana Baptist University. Other major businesses include Amazon, Regions Financial Corporation, JPMorgan Chase, Sam's Town Hotel and Gambling Hall, AT&T Mobility, United Parcel Service, Walmart, Chick-fil-A, Waffle House, SWEPCO, General Electric, UOP LLC, Calumet Specialty Products Partners, and APS Payroll call Shreveport home. Additionally, tourism and entertainment play a major role in the local economy and the city has various casinos, horse racetracks, and the Louisiana Boardwalk. The Knights Inn Shreveport is located off Interstate 20, providing excellent visibility and quick access to east-west travelers. This ideal location puts the Hotel in close proximity to the Shreveport Regional Airport, the third busiest airport in the state.

Exclusively Listed By

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