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Hotel-Motel

Residence Inn Shreveport Airport

4910 W Monkhouse Dr, Shreveport, LA 71109

Listing Price: $8,500,000

Cap Rate
2.06%
Number of Rooms
78
RevPAR
$62
Gross SF
86,684
Price/Room
$108,974
Price/Gross SF
$98.06
Year Built
2001

Investment Overview

Property Attributes: The Residence Inn Shreveport Airport features 78 spacious guestrooms spread throughout three stories, each featuring room amenities that include a full kitchen and a separate dining area. The Hotel was built in 2001, on 1.99 acres, about 15 miles east of the Texas-Louisiana border. Prime Location: Shreveport is located in the northwest region of the state and is the third-largest city by population in Louisiana. The Hotel is positioned less than a mile from the Shreveport Regional Airport and Interstate 20, a major east-west thoroughfare; allowing the Hotel to capitalize on business and leisure travel in the area. Demand Generators: Shreveport’s economy is supported by tourism and gaming industries. Over 8.5 million people visit Shreveport-Bossier annually to explore the numerous casinos, entertainment centers, and convention centers. The Property’s strategic location is within 10 miles of the most notable tourism attractions, which includes El Dorado Casino (7.1 miles), Boomtown Casino (7.9 miles), Shreveport Convention Center (6.6 miles), R.W. Norton Art Gallery (5.8 miles), and Sci-Port Discovery Center (7.0 miles). Upward Trending Revenues: Revenues have significantly increased during the trailing twelve months ending July 2021, recording over a 36.6 percent increase compared to year-end 2019. Well-Maintained & Recently Renovated: The Hotel ownership has pridefully maintained the Property and has completed major progress towards the Marriott-required property improvement plan. A new investor can expect minimum change of ownership PIP. Unencumbered Offering: The Property is offered fee simple and clear of existing management and financing contracts.

Investment Highlights

  • Recently Renovated, Three-Story, 78-Room, Extended-Stay, Marriott-Branded Hotel Built in 2001
  • Excellent Location off Interstate 20, Less than a Mile from the Shreveport Regional Airport
  • Room Revenues have Increased Significantly Through July 2021
  • Fee Simple Offering, Unencumbered by a Management Contract or Debt

Exclusively Listed By

Hotel-Motel

Residence Inn Shreveport Airport

Listing Price: $8,500,000

Cap Rate
2.06%
Number of Rooms
78
RevPAR
$62
Gross SF
86,684
Price/Room
$108,974
Price/Gross SF
$98.06
Year Built
2001

Investment Highlights

  • Recently Renovated, Three-Story, 78-Room, Extended-Stay, Marriott-Branded Hotel Built in 2001
  • Excellent Location off Interstate 20, Less than a Mile from the Shreveport Regional Airport
  • Room Revenues have Increased Significantly Through July 2021
  • Fee Simple Offering, Unencumbered by a Management Contract or Debt

Investment Overview

Property Attributes: The Residence Inn Shreveport Airport features 78 spacious guestrooms spread throughout three stories, each featuring room amenities that include a full kitchen and a separate dining area. The Hotel was built in 2001, on 1.99 acres, about 15 miles east of the Texas-Louisiana border. Prime Location: Shreveport is located in the northwest region of the state and is the third-largest city by population in Louisiana. The Hotel is positioned less than a mile from the Shreveport Regional Airport and Interstate 20, a major east-west thoroughfare; allowing the Hotel to capitalize on business and leisure travel in the area. Demand Generators: Shreveport’s economy is supported by tourism and gaming industries. Over 8.5 million people visit Shreveport-Bossier annually to explore the numerous casinos, entertainment centers, and convention centers. The Property’s strategic location is within 10 miles of the most notable tourism attractions, which includes El Dorado Casino (7.1 miles), Boomtown Casino (7.9 miles), Shreveport Convention Center (6.6 miles), R.W. Norton Art Gallery (5.8 miles), and Sci-Port Discovery Center (7.0 miles). Upward Trending Revenues: Revenues have significantly increased during the trailing twelve months ending July 2021, recording over a 36.6 percent increase compared to year-end 2019. Well-Maintained & Recently Renovated: The Hotel ownership has pridefully maintained the Property and has completed major progress towards the Marriott-required property improvement plan. A new investor can expect minimum change of ownership PIP. Unencumbered Offering: The Property is offered fee simple and clear of existing management and financing contracts.

Exclusively Listed By

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