Hotel-Motel

Quality Inn Monroe, LA

1407 Martin Luther King Junior Drive, Monroe, LA 71202

Listing Price: $2,750,000

Cap Rate
8.07%
Number of Rooms
66
RevPAR
$36
Gross SF
28,606
Price/Room
$41,667
RRM
3.21
Price/Gross SF
$96.13
Year Built
1994

Investment Overview

The Quality Inn in Monroe, Louisiana offers an investor the opportunity to acquire a fully stabilized, economy hotel that has performed extremely well throughout the Covid-19 pandemic. The hotel produced a gross revenue in 2019 of $872,000 and was able to still produce $867,000 in 2020. The pandemic success of the Quality Inn Monroe is caused by its economy flag offering guests reasonably priced rooms with great access to Interstate 20. The asking price of $2,750,000 represents an attractive gross revenue multiplier of 3.2 times gross on the 2020 revenue. The market should benefit in 2021 and beyond as the Covid-19 pandemic subsides and travel resumes.

The hotel has been well maintained over the past years with limited items expected on the transfer PIP. The main item expected to be addressed per the new PIP will be guestroom case goods that will require to be replaced. There is a two-bedroom manager's apartment located on the property as well.

Investment Highlights

  • Stable Revenue Throughout Covid-19 Pandemic (2020 Gross Revenue - $867,000)
  • Listed at 3.2 Times 2020 Gross Revenue
  • Recently Renovated With Minimum PIP Expected on Sale
  • Great Property for Owner / Operator - Manager's Apartment On Site

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Listing Price: $2,750,000

Cap Rate
8.07%
Number of Rooms
66
RevPAR
$36
Gross SF
28,606
Price/Room
$41,667
RRM
3.21
Price/Gross SF
$96.13
Year Built
1994

Investment Highlights

  • Stable Revenue Throughout Covid-19 Pandemic (2020 Gross Revenue - $867,000)
  • Listed at 3.2 Times 2020 Gross Revenue
  • Recently Renovated With Minimum PIP Expected on Sale
  • Great Property for Owner / Operator - Manager's Apartment On Site

Investment Overview

The Quality Inn in Monroe, Louisiana offers an investor the opportunity to acquire a fully stabilized, economy hotel that has performed extremely well throughout the Covid-19 pandemic. The hotel produced a gross revenue in 2019 of $872,000 and was able to still produce $867,000 in 2020. The pandemic success of the Quality Inn Monroe is caused by its economy flag offering guests reasonably priced rooms with great access to Interstate 20. The asking price of $2,750,000 represents an attractive gross revenue multiplier of 3.2 times gross on the 2020 revenue. The market should benefit in 2021 and beyond as the Covid-19 pandemic subsides and travel resumes.

The hotel has been well maintained over the past years with limited items expected on the transfer PIP. The main item expected to be addressed per the new PIP will be guestroom case goods that will require to be replaced. There is a two-bedroom manager's apartment located on the property as well.

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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