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102 Lake St
Shreveport, LA 71101
Holiday Inn Shreveport Downtown · Hospitality Property For Sale
·
190 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 190 |
| Property Subtype | Hotel | No. Stories | 6 |
| Building Class | B | Year Built/Renovated | 1979/2017 |
| Lot Size | 1.99 AC | Parking Ratio | 0.68/1,000 SF |
| Building Size | 124,898 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.99 AC |
| Building Size | 124,898 SF |
| No. Rooms | 190 |
| No. Stories | 6 |
| Year Built/Renovated | 1979/2017 |
| Parking Ratio | 0.68/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 102 LAKE ST , SHREVEPORT, LA 71101
"HREC is pleased to offer for sale, as the exclusive broker, the 190-room Holiday Inn Shreveport Downtown (the ""Hotel"" or ""Property"") located at 102 Lake St., Shreveport, LA. The Hotel has been totally renovated in the past three years, and contains a renovated reception area, an on-site restaurant and lobby bar, roughly 5,400 square feet of meeting space, outdoor pool, fitness center and business center. Currently, the Property has 190 recently renovated guestrooms with a mix of room types consisting of 98 Queen/Queen and 92 King rooms with several suites. Parking is provided complimentary through a surface lot and two-story parking structure. The Holiday Inn offers standard amenities such as work desk with chair, self-controlled heating/cooling, lamps, and flat screen TV. The Hotel offers an exceptional opportunity for an investor to acquire a recently renovated property at a significant discount to replacement cost in a ""main and main"" location in the Shreveport CBD. The Property is situated minutes from the 350,000 square foot Convention Center which hosts over 426 events and over 340,000 attendees annually. Moreover, in 2017 the Shreveport Regional Airport received two grants totaling approximately $775,000 to fund an 800 foot runway expansion which will substantially improve ""lift"" for the entire Shreveport/Bossier City market. This Property enjoys an almost exclusive position in the marketplace as it is one of only two properties in the CBD that is a Branded- and Full-Service, non-casino hotel. In fact, there are no Full service IHG properties within 50 miles of the hotel. Moreover, the Shreveport/Bossier MSA is projected to add approximately 5,000 jobs during the next 3-5 years, most all of which are in Shreveport and the Downtown area."
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 6 | $101.00 | - |
| Guest Room | 184 | $82.00 | - |
PROPERTY TAXES
| Parcel Number | 181437-168-0030-00 | Improvements Assessment | $210,661 |
| Land Assessment | $91,344 | Total Assessment | $302,005 |
PROPERTY TAXES
