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Browse More Listings in Hotel & Motel For Sale, Shreveport, LA or Louisiana

Hotel / Motel - Off Market

BEST VALUE INN

4915 MONKHOUSE DR, Shreveport, LA 71109

Price:
N/A
No. Rooms:
98
Building Size:
40,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
8%
Average Daily Rate:
$45
Average Occupancy:
68%
No. Stories:
2
Corridor:
Yes
Lot Size:
4.25 SF
Parking Ratio:
2 / 1,000 SF

Last Verified 8/26/2009 Listing ID 15823307

Description

THE BEST ECONOMY HOTEL IN THE SOUTH.THERE WAS A 40% SALES INCREASE AFTER THE COMPLETION OF EXTENSIVE RENOVATIONS.THIS 98 ROOM PROPERTY IS IDEALY LOCATED NEAR THE SHREVEPORT AIRPORT JUST OFF INTERSTATE I 20.IT IS 4-5 MILES FROM SOME OF THE MOST FAMOUS CASINOS-ONE OF THE MAJOR REVENUE GENERATOR.

IT IS LOCATED 15 MINUTES FROM THE TEXAS STATE LINE BETWEEN TEXAS AND ARKANSAS ON I 20 AND THE BUSY SHREVEPORT AIRPORT-ANOTHER MAJOR REVENUE GENERATOR.

Map of 4915 MONKHOUSE DR, Shreveport, LA 71109 (Caddo County)

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Created 7/28/2008

Additional Information for 4915 Monkhouse Drive, Shreveport, LA 71109

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 4915 MONKHOUSE DR, Shreveport, LA 71109

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Economy/Limited Service
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - BEST VALUE INN

4915 MONKHOUSE DR, Shreveport, LA, 71109