1051 Martin Luther King Jr. Dr
Monroe, LA 71203

Marcus & Millichap is pleased to announce the sale of the Rodeway Inn & Clarion Inn & Suites Hotel and Conference Center in Monroe, Louisiana. This entire premises contains a total of 260 rooms. It has been operating as a 130 unit, interior corridor, full service Clarion Hotel, and has recently converted 70 rooms to become a Rodeway Inn. Choice is allowing multiple flags to operate under the entire premises for a new investor, and the number of rooms for each flag will be negotiable for a new buyer. The hotel is centrally located just minutes from the University of Louisiana-Monroe, CenturyLink, Duck Commander Headquarters, and The Louisiana Purchase Gardens and Zoo. This hotel is the only conference center hotel in Monroe. It has undergone several renovations in the past year and continues to be a popular venue for weddings, banquets, conferences, and other events. The investment opportunity is ideal for an aggressive owner operator to trim expenses as this hotel is an absentee owner operation. In order for a new owner to maintain the Clarion flag on the property they will be required to finish a PIP that will require updated FF&E and carpet in the rooms. The cost of the PIP will be subject to how many rooms the new owner wishes to operate as a Clarion.