Basics
- Date added: Added 8 months ago
- Category: Hotel
- Type: Limited Service
- Status: For Sale
- Guestrooms: 86
- Bedrooms: 86
- Bathrooms: 88
- Half baths: 2
- Floors: 3
- Area, sq ft: 47160 sq ft
- Lot size, sq ft: 72309.6 sq ft
- Year built: 2017
- Year remodeled: 2022
- Price per sq ft: $94.36
- Price Per Key: $52,325
- Cap rate: 8.69%
- NOI: $422,047
- Occupancy: 54%
- Broker: Hotel Brokers of America
- Agent: Subhash Naik
- Agent Phone: 661-808-4998
- Agent Email: Deals@hbofamerica.com
- Website:: https://hotelbrokersinc.com/
Description
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Description:
hank you for your interest in the promising investment of the 86-room Country Inn and Suites strategically located at the Shreveport Louisiana Airport. Highlights & Location: Amazing owner-operator opportunity to own an airport property at an extremely low price per key Capable of generating $2,500,000 in revenue according to the STR report There are several rebranding opportunities that this building can take advantage of which presents the opportunity to increase the revenue significantly. Underperforming due to several recent changes in management. Corporate Generators: Barksdale Air Force Base Willis-Knighton Health System Ochsner LSU Health Shreveport General Electric (GE) CenturyLink (now Lumen Technologies) Louisiana State University Shreveport (LSUS) Demand Generators: Sci-Port Discovery Center Barksdale Global Power Museum Louisiana Boardwalk Red River District Shreveport Aquarium R.W. Norton Art Gallery Shreveport Municipal Auditorium Caddo Lake State Park Muddy Bottoms ATV & Recreation Park Eldorado Resort Casino Shreveport Horseshoe Casino & Hotel Louisiana State Fairgrounds Krewe of Highland Parade Investment Highlights Airport Location Priced to Sell at $51,744 per Key! Extensive Renovation Completed with Conversion Opportunities IHG’s Garner and Hilton’s new Spark brand Value Add Opportunity with Hand's-On Ownership Strong Profitability Potential