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5101 Monkhouse Drive - Baymont Inn & Suites, Shreveport, LA

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5101 Monkhouse Drive - Baymont Inn & Suites

Shreveport, LA 71109-6593 - West Submarket

Property Type:Hospitality Number of Rooms:119 Status:Existing Year Built:-
Stories:2 Building Size:78,579 SF Land Area:6.22 AC (270,943 SF)
For Sale Price:$2,100,000 Price/Room:$17,647 Cap Rate:8.20 %


Sale Notes:
2 story, interior corridor, bank owned with Seller financing, 20% downpayment, outdoor pool, breakfast area, fitness center, meeting room, lounge (closed). Managed by a professional Hotel Management Company. There are no financials available for this property. Recent Capital Improvements: $150,000.00, new locks for all the rooms except one building, PTACS, materials for the front desk to control the locks, new steel front door, new stairs, all new TV's and additional linens etc. for the 96 rentable rooms. 119 total rooms, with 96 rentable rooms with all new key lock system, PTACS, TV's and Linens. The other 23 rooms are in a separate building and at this time are not rentable due to the lack of FF&E. There is nothing wrong with this building but the management company feels this property can operate successfully with 96 rooms.

Bank/Owner will finance a qualified Buyer using a SBA 7a loan for 85% of the purchase price and PIP (PIP cost not to exceed $400,000.00), Interest rate at Wall Street Prime Rate (currently 4.25%) plus 2.0 points (6.25%) interest rate) adjusted quarterly, 20 year amortization, no prepayment penalty.

I-20 Exit #13, 3 minutes to Shreveport Airport, close to Barksdale Air Force Global Strike Command with over 7,600 active duty & reservists.

Baltes Commercial Realty
Terry Baltes
(937) 438-6700 x1

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