The Louisiana hotel for sale is a select-service Quality Inn & Suites located in the city of West Monroe. This hotel property is has an excellent freeway visibility and access as it is located right off of Interstate 20. The fee-simple hotel was established in 2003, but it was only renovated in 2010. There is one building with 3 floors along with ample parking. The room revenue has been stable over the past 3 years. This hotel is priced less the 3X , and it is priced at 12 Cap.
Jere Allen has been in the hospitality business for over 30 years. He began his career after graduating from Mississippi State University. He also has educational credit from Holiday Inn University, Best Western and Bass Hotels and Resorts. Since then Mr. Allen has been a part of every aspect of commercial real estate including development, management and ownership. He became a hotel broker in the early 1990s and quickly became the top salesman for Hotel and Motel Brokers of America in the South Central Region. He was the second highest producer in the Nation as an affiliate broker. Mr. Allen founded Sunbelt Hotel Brokers in 1995. Today, Sunbelt is licensed as a real estate broker in the states of Alabama, Mississippi, and Tennessee. In 1999 Hotel Business Green Book listed Sunbelt hotels Brokers in the top 20 Hotel Brokerage Firms in the Nation.