102 Lake St, Shreveport, LA 71101
- Request for Offers
The Holiday Inn Shreveport Downtown is offered for sale on a Call for Offers basis. During TTM Jun 2017, the hotel generated approximately $2.60M in gross room revenue which is a 5.7 percent growth over the same period previous year; and 8.2 percent growth during YTD Jun 2017.
The investment offering presents a new investor with an opportunity to acquire an underperforming asset at significantly below replacement cost in a barrier-to-entry location. The completion of pending Property Improvement Plan and efficient operations may result in this hotel becoming a good long-term hold asset for a potential investor.
Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Holiday Inn Shreveport Downtown, full-service hotel located in Shreveport, Louisiana. The property consists of 190 rooms and is located on two acres in downtown Shreveport. The hotel offers an outdoor pool area, cocktail lounge, fitness center, and business center. The hotel’s lobby features the Red River Restaurant and the S’Port Bar & Grill. The hotel offers 5,400 square feet of flexible meeting and conference space spread out over five meeting spaces.
Shreveport, Louisiana is the third-largest city in Louisiana and seated in Caddo Parish. Less than one mile from the Holiday Inn Shreveport Downtown is the Shreveport Convention Center which hosts over 400 events per year and attracts thousands of attendees monthly. There are four major casinos located within four miles of the hotel. Also, Louisiana is the third largest film industry in the United States and several films have been made in Shreveport generating room demand. The city hosts The Battle on the Border High School Football Showcase at Independence Stadium, 1.4 miles from the Holiday Inn Shreveport Downtown, which features athletes from six states and attracts over 22,000 attendees. Other local points of interests, less than three miles, include The Sci Port’s Imax Dome Theatre, The Outlets at Louisiana Boardwalk, and the Pierre Bossier Mall. Gators and Friends Alligator Park and Zoo, and Chimp Haven are recreational activities available within the region. Also, the Shreveport Regional Aiport is less than eight miles from the hotel.
Chesapeake Energy Corporation’s discovery of Haynesville Shale over 500,000-plus acres in northwest Louisiana is the largest known onshore natural gas field in the United States. Activities in the Haynesville Shale has contributed significantly to the lodging demand.
Agent for this listing
Senior Managing Director Investments, National Hospitality Group
Office: (972) 755-5302
Mobile: (972) 786-2719
Fax: (972) 755-5210