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Hotel-Motel

SpringHill Suites Shreveport - Bossier City / Louisiana Downs

8010 E Texas St, Bossier City, LA 71111

Listing Price: Request For Offer

Number of Rooms
150
RevPAR
$70
Year Built
2008

Investment Overview

High-Quality Asset in Exceptional Condition: The SpringHill Suites Shreveport - Bossier City / Louisiana Downs is an upscale, select-service Hotel featuring 150 spacious guest rooms throughout four stories. The Hotel is well-equipped with several amenities such as an indoor pool, fitness center, business center, convenience store, and guest laundry. Prime Location in a Growing Metro: Located off Interstate 220 along Highway 79, the Hotel is easily accessible from the expressway with excellent visibility from Highway 79. Additionally, the Barksdale Air Force Base Strike Command, the Haynesville Shale (Gas/Energy Exploration), the Shreveport Convention Center, and a growing gaming/casino industry, among other businesses and attractions, provide the SpringHill Suites with a diverse mix of year-round business. Significant Top-Line Revenue and Impressive RevPAR Penetration: The Property recorded an $70.25 RevPAR, achieving room revenues over $3.84 million through the trailing twelve months ending August 2022. This represents a 7.1 percent growth from year-end 2021, suggesting a record-breaking year in 2022 as the Hotel continues to cement itself as a market leader. Solid In-Place Cash Flow: The Hotel benefits from consistent in-place cash flows with a Net Operating Income of over $1.59 million during the trailing twelve-month August 2022 period. This equates to 40.8 percent of total revenues, after a four percent capital replacement reserve and a three percent management fee. Notable Brand: Springhill Suites is an affiliate of Marriott International Inc, a leading global lodging company with more than 6,700 properties across 130 countries. The hotel giant, around since 1927, has reported revenues of over $13 billion in the 2021 fiscal year. The well-known franchise has been named 2022 America’s Most Trusted Company and 100 Best Companies to Work For 24 years running; Forbes has honored them as one of America’s Best Large Employers for 2022. Clean Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.

Investment Highlights

  • Four-Story, 150-Room, Upscale, Select-Service Marriott-Branded Hotel
  • Ideal Location off Interstate 220 Along Highway 79
  • Shreveport Regional Airport is Located Less than 16 Miles Away
  • Nearby Demand Generators Include Louisiana Downs Casino & Racetrack, Barksdale Air Force Base Strike Command, Haynesville Shale, and Shreveport Convention Center
  • Twelve-Month August 2022 NOI Over $1.59 Million
  • Offered Fee Simple and Unencumbered by any Management Contracts or Existing Debt

Exclusively Listed By

Financing By

Hotel-Motel

SpringHill Suites Shreveport - Bossier City / Louisiana Downs

Listing Price: Request For Offer

Number of Rooms
150
RevPAR
$70
Year Built
2008

Investment Highlights

  • Four-Story, 150-Room, Upscale, Select-Service Marriott-Branded Hotel
  • Ideal Location off Interstate 220 Along Highway 79
  • Shreveport Regional Airport is Located Less than 16 Miles Away
  • Nearby Demand Generators Include Louisiana Downs Casino & Racetrack, Barksdale Air Force Base Strike Command, Haynesville Shale, and Shreveport Convention Center
  • Twelve-Month August 2022 NOI Over $1.59 Million
  • Offered Fee Simple and Unencumbered by any Management Contracts or Existing Debt

Investment Overview

High-Quality Asset in Exceptional Condition: The SpringHill Suites Shreveport - Bossier City / Louisiana Downs is an upscale, select-service Hotel featuring 150 spacious guest rooms throughout four stories. The Hotel is well-equipped with several amenities such as an indoor pool, fitness center, business center, convenience store, and guest laundry. Prime Location in a Growing Metro: Located off Interstate 220 along Highway 79, the Hotel is easily accessible from the expressway with excellent visibility from Highway 79. Additionally, the Barksdale Air Force Base Strike Command, the Haynesville Shale (Gas/Energy Exploration), the Shreveport Convention Center, and a growing gaming/casino industry, among other businesses and attractions, provide the SpringHill Suites with a diverse mix of year-round business. Significant Top-Line Revenue and Impressive RevPAR Penetration: The Property recorded an $70.25 RevPAR, achieving room revenues over $3.84 million through the trailing twelve months ending August 2022. This represents a 7.1 percent growth from year-end 2021, suggesting a record-breaking year in 2022 as the Hotel continues to cement itself as a market leader. Solid In-Place Cash Flow: The Hotel benefits from consistent in-place cash flows with a Net Operating Income of over $1.59 million during the trailing twelve-month August 2022 period. This equates to 40.8 percent of total revenues, after a four percent capital replacement reserve and a three percent management fee. Notable Brand: Springhill Suites is an affiliate of Marriott International Inc, a leading global lodging company with more than 6,700 properties across 130 countries. The hotel giant, around since 1927, has reported revenues of over $13 billion in the 2021 fiscal year. The well-known franchise has been named 2022 America’s Most Trusted Company and 100 Best Companies to Work For 24 years running; Forbes has honored them as one of America’s Best Large Employers for 2022. Clean Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.

Exclusively Listed By

Financing By

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