1035 Martin Luther King Junior Drive, Monroe, LA 71203
Marcus & Millichaps National Hospitality Group, as exclusive representative of the Seller, is pleased to present for sale to qualified investors the Motel 6 Monroe. The G6 Hospitality-branded hotel is offered on a Call for Offers basis.
The property sits on a 2.3 acres in the 8th largest city in Louisiana. In addition, the hotels is adjacent to Interstate 20 that connects major metropolitan areas between Atlanta and Dallas, with an daily average traffic count of over 61,500 vehicles per day. Post-COVID this traffic count is expected to grow.
This two-story, 129 room hotel presents the opportunity to acquire a value-add asset less than two (2) miles from the University of Louisiana-Monroe (ULM). The university has an average annual enrollment of over 9,100 students and has given over 72,000 academic degrees for undergraduate, graduates and continuing education students. In the Spring of 2020, ULM has the largest graduating class in their 89-year history. Founded in 1931, the campus sits on 238 acres is one of only two (2) pharmacy schools in the State of Louisiana. ULM also participates in the Sun-Belt Conference for all major sports, since July 2006. The JPS Field at Malone Stadium, opened in 1978, seats over 30,000
The property is located in the Opportunity Zone, the new community development program established by Congress in the Tax Cuts and Jobs Act of 2017. The new law provides for a federal tax incentive for investors to reinvest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas. Investors are advised to further consult their tax advisors for more details. Investor, as owner operator, can furthermore maximize profits through reduction in management/labor costs, currently hovering close to 40% of Revenue.
The Seller is currently operating the property out-of-state, absentee. The expenses include provisions for a four (4) percent capital replacement. The hotel is offered fee simple, unencumbered by a management contract or debt.
Marcus & Millichaps National Hospitality Group, as exclusive representative of the Seller, is pleased to present for sale to qualified investors the Motel 6 Monroe. The G6 Hospitality-branded hotel is offered on a Call for Offers basis.
The property sits on a 2.3 acres in the 8th largest city in Louisiana. In addition, the hotels is adjacent to Interstate 20 that connects major metropolitan areas between Atlanta and Dallas, with an daily average traffic count of over 61,500 vehicles per day. Post-COVID this traffic count is expected to grow.
This two-story, 129 room hotel presents the opportunity to acquire a value-add asset less than two (2) miles from the University of Louisiana-Monroe (ULM). The university has an average annual enrollment of over 9,100 students and has given over 72,000 academic degrees for undergraduate, graduates and continuing education students. In the Spring of 2020, ULM has the largest graduating class in their 89-year history. Founded in 1931, the campus sits on 238 acres is one of only two (2) pharmacy schools in the State of Louisiana. ULM also participates in the Sun-Belt Conference for all major sports, since July 2006. The JPS Field at Malone Stadium, opened in 1978, seats over 30,000
The property is located in the Opportunity Zone, the new community development program established by Congress in the Tax Cuts and Jobs Act of 2017. The new law provides for a federal tax incentive for investors to reinvest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas. Investors are advised to further consult their tax advisors for more details. Investor, as owner operator, can furthermore maximize profits through reduction in management/labor costs, currently hovering close to 40% of Revenue.
The Seller is currently operating the property out-of-state, absentee. The expenses include provisions for a four (4) percent capital replacement. The hotel is offered fee simple, unencumbered by a management contract or debt.
