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La Quinta Inn & Suites
Shreveport Airport-Image Credit CBRE La Quinta Inn & Suites Shreveport Airport is on the marketplace, using a tactical location and investment potential. The La Quinta Inn & Suites Shreveport Airport is currently noted for sale. This corporate-owned property, situated in Shreveport, Louisiana, includes 117 rooms and stands 4 stories high. Its location offers convenient access to major transport paths, consisting of Interstate 20 and Interstate 49, and is positioned near Shreveport Regional Airport. The hotel serves a range of visitors, including those taking a trip for business, commercial purposes, and leisure.
Investment Information
The sale consists of mineral rights connected with the property, which might supply future earnings through renting opportunities. The hotel has undergone restorations and will not need a Property Enhancement Plan (PIP) till January 2028. Wyndham may issue a brand-new PIP at that time, with a two-year conclusion window for the franchisee.
Functional Performance
The property will be offered without existing management, providing possible for improved operational effectiveness. This provides a chance for a new operator to implement concentrated income management techniques and lower business overhead costs.
Need Drivers
The hotel’s place supplies easy access to several considerable demand generators. These include the Shreveport Regional Airport, LSU Health Shreveport, a General Electric plant, and numerous biomedical research study facilities. Furthermore, the proximity to popular gambling establishments in Bossier City, such as Sam’s Town Casino and Horseshoe Bossier City Gambling establishment, contributes to its appeal.
Market Context
Shreveport is recognized as a regional center with constant leisure and organization travel need. The city benefits from its cultural institutions, riverfront gambling establishments, and proximity to Barksdale Air Force Base. The local market offers a stable environment for long-lasting hotel financial investment, supported by low development expenses and beneficial zoning.
Inquire at CBRE.