For Sale
$4,000,000

5555 Financial Plaza Cir Shreveport, LA 71129

226-key hotel, $4M, high-traffic location

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 226-key hotel property in Shreveport, Louisiana, presents a compelling investment opportunity. Priced at $4,000,000 ($26.51/sq ft), this 150,872 square foot, two-building complex sits on a 7.94-acre lot (APN 171419-001-0001-00) and boasts a prime location less than four miles from Shreveport Regional Airport, a major travel hub serving nearly 700,000 visitors annually. The six-story, 1982-built hotel (C3 zoning) is conveniently situated near Interstates 220 and 20, boasting high visibility and accessibility with an average annual daily traffic count exceeding 120,000 vehicles. Its proximity to key attractions like Bally's Shreveport Casino, Ochsner LSU Health Shreveport, and the Shreveport-Bossier City MSA (nearly 400,000 residents) ensures strong potential for future occupancy. Currently non-operational and sold as a shell, this property offers significant upside potential. The existing structure is approved for conversion to a Holiday Inn franchise, and the zoning permits conversion to an assisted living facility

Highlights

  • $4,000,000 asking price for a 226-key hotel, representing $17,700 per key.
  • IHG-approved for conversion to a Holiday Inn franchise.
  • Currently non-operational and sold as a shell, offering significant repositioning potential as an assisted living facility or multifamily complex (assisted living permitted by right; multifamily requires special use approval).
  • Six-story hotel, 150,872 square feet on a 7.94-acre lot, located less than four miles from Shreveport Regional Airport.
  • High visibility location directly off Interstates 220 and 20, with combined average annual daily traffic exceeding 120,000 vehicles.

Property Details for 5555 Financial Plaza Cir

Property type
Hospitality properties, Motels
Square Feet
150,872 SF
Year Built
1982
Buildings
2
Stories
6
Lot Size (sq. ft)
345,866 SF

Location Insight

City
Shreveport
County
Caddo Parish
State
Louisiana
Latitude
32.4527884
Longitude
-93.8479613

FAQs

What type of property is this?
Hospitality property - 226-key hotel, $4M, high-traffic location
Where is the hospitality property located?
The property is located at 5555 Financial Plaza Cir Shreveport, LA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: $4,000,000 asking price for a 226-key hotel, representing $17,700 per key.; IHG-approved for conversion to a Holiday Inn franchise.; Currently non-operational and sold as a shell, offering significant repositioning potential as an assisted living facility or multifamily complex (assisted living permitted by right; multifamily requires special use approval).
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5555 Financial Plaza Cir
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