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 through 2021, recording over a 61.7 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.
Property Overview:
The 78-room, three-story, extended-stay Residence Inn by Marriott Shreveport Airport is located off Interstate 20 along Monkhouse Drive. This upscale Hotel features an outdoor swimming pool and whirlpool, a fitness center, a business center, meeting space, a barbecue and picnic area, an outdoor sports court, on-site guest laundry facilities, and a sundries mart. Guest rooms offer a flat-screen television, a microwave, a refrigerator, and a pillow menu. Suites boast full kitchens including a stovetop and dishwasher, as well as a separate living area with pull-out sofa beds.
Location Overview:
The Shreveport Regional Airport is located 0.8 miles from the Property and seven miles southwest of the central business district. The public-use airport served 683,498 passengers in 2019 with flights to Dallas, Los Angeles, Atlanta, Houston, Orlando, Destin, Charlotte, and Las Vegas. The Shreveport Regional Airport, classified as a “Small Hub” airport, covers approximately 1,625 acres of land hosting flights via American Airlines, Delta, United, and Allegiant.
The Barksdale Air Force Base (Barksdale AFB) occupies more than 22,000 acres east of Bossier City on the southern edge of Interstate 20. Barksdale AFB houses over 6,500 active duty and reservists, 4,880 family members, and employs nearly 2,500 civilian employees while serving approximately 40,000 retirees and their families in the area. Located 10.4 miles from the Hotel, Barksdale AFB hosts the 2d Bomb Wing, the oldest, largest, and best bomb wing in the world, overseeing all aircraft maintenance and the wing’s annual 1,100 sorties and 6,000 flying hours. Barksdale AFB is also home to 31 associate units including Det. 2, 57th Wing, the 49th Test Squadron, and the 548th Combat Training Squadron (Air Warrior II).
The Red River Entertainment District opened in 2002 as a 12,000 square foot development with buildings all designed to look historic housing restaurants, businesses, and live entertainment venues. The riverfront district is a destination for tourists and residents alike with easy access to the Shreveport Aquarium, Sci-Port, Eldorado and Sam’s Town Resort Casinos, lounges, and retail shops. The Texas Street Bridge spans across the district to provide a shady area for listening to live music or catching an afternoon breeze with your pet.
The Ochsner LSU Health Shreveport (LSUHS) is a 402-bed, short-term, acute care facility handling everything from basic doctor’s visits for children and adults to specialties such as cardiology, intensive care, neurology, rheumatology, and trauma care. Healthcare is a key sector that drives the economy in the Shreveport-Bossier City area and LSUHS provides a direct economic impact of $600 million in the Shreveport region. Combined with the economic impact ($2.4 billion) of its practicing alumni, LSUHS has a total economic impact of over $3 billion on North Louisiana. LSUHS is located 4.5 miles from the Property.
Hosting approximately 30,000 visitors annually, the Shreveport Aquarium is a top destination for families visiting the Shreveport area. The Shreveport Aquarium, positioned 6.9 miles from the Hotel, is home to over 1,000 creatures made up of over 300 different species of marine life including turtles, eels, stingrays, and jellyfish. Visitors can hand-feed the rays, touch the moon jellies, and learn about how animals adapt to their environments. In the evening the aquarium offers dining with sharks and stingrays and dancing in the courtyard overlooking Red River.
Broker of Record
Chris Shaheen
License: LA BROK.995692662-ACT
