- SOLD -
US BANKRUPTCY COURT ORDERED AUCTION
Minimum Bid :: To Be Sold At or Above $1,500,000
Initial Deposit Required to Bid :: $150,000
:: INVESTMENT SUMMARY
On Wednesday, June 5th, CBRE Auction Services is pleased to present for online auction the Clarion Hotel, a 267 room operating full service hotel located at 1419 East 70th Street in Shreveport, LA. The Clarion Hotel is ideally located just minutes from the downtown district, five riverboat casinos, Barksdale Air Force Base, Red River Entertainment District, Bass Pro Shop, golf courses, museums and art centers.
- 267-Room, 6 Story, Interior Corridor, Operating Full Service Clarion Hotel
- Approx. Room Revenue 2011/2012 :: $4,000,000/$1,600,000
- Approx. NOI 2011/2012 :: $1,600,000/$230,000
- Tremendous Upside Opportunity
:: AUCTION DAY
The property will be offered in a Minimum Bid online auction format. Auction day will be:
Wednesday, June 5th, at 1:00pm CT
Bidding Start - 1:00 pm CT
Bidding End - 3:00 pm CT
:: DOCUMENT CENTER
Access to the online Document Center, which contains detailed property and financial information, is available for a fee. To gain access please click the Document Center tab above to be directed to our online payment system. You will receive an email once access has been granted. Once approval is granted simply log in to Marketplace and click the above Document Center tab to reveal the auction and property documents.
The Confidentiality Agreement needs to be electronically executed before you are able to access the Document Center.
:: INSPECTION SCHEDULE
The property will be available for inspection:
Thursday, May 23rd at 11:00am CT
Please note: All property inspections require registration with CBRE and begin promptly. Please arrive at the designated meeting place a few minutes early to complete the required inspection registration form. To register for a property inspection or for any questions please call CBRE Auction Services at 800-815-1038. CBRE Auction Services represents the Seller in this transaction. Do not contact the Seller Directly.
:: COOPERATING BROKER
No Cooperating Broker Fee is being offered.