260-Room Hotel Conference
For Sale
Contact for pricing
Pending
1051 Martin Luther King Jr Drive, Monroe, LA 71203
Interior-corridor lodging property with full-service operations, multiple brand configurations, and dedicated conference facilities.
Property SizeContact for details
Days on Market42
Property Features for 1051 Martin Luther King Jr Drive
General Information
Standard status
Pending
Property subtype
Hospitality
Property Condition
Severity
Repairs Needed
Evidence
will require updated FF&E and carpet in the rooms
Additional Details
Business Included
Yes
Amenities
conference center
Listing Agency:
Stirling
Listed By:
Manish D Sthanki · License #Louisiana 0099561907-ASA
Source:
Crexi
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 5:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stirling
Investment Insights
Based on property information with market context.
The hotel premises include 260 rooms and currently operate with a 130-room interior-corridor Clarion Hotel configuration alongside 70 rooms recently converted to a Rodeway Inn. Choice permits multiple brands across the property, with room distribution subject to negotiation with a new owner. The asset has received several renovations within the past year and includes a conference center that supports weddings, banquets, conferences, and other events.
The property is located at 1051 Martin Luther King Jr Drive in Monroe, Louisiana, near the University of Louisiana-Monroe, CenturyLink, Duck Commander Headquarters, and The Louisiana Purchase Gardens and Zoo. Retaining the Clarion brand requires completion of a property improvement plan, including updated FF&E and guest-room carpeting, with scope tied to the number of rooms operated under that flag.
The property is located at 1051 Martin Luther King Jr Drive in Monroe, Louisiana, near the University of Louisiana-Monroe, CenturyLink, Duck Commander Headquarters, and The Louisiana Purchase Gardens and Zoo. Retaining the Clarion brand requires completion of a property improvement plan, including updated FF&E and guest-room carpeting, with scope tied to the number of rooms operated under that flag.
Key Highlights
- 260‑room hotel premises with 130 rooms operating under Clarion and 70 rooms recently converted to Rodeway
- Interior‑corridor, full‑service Clarion configuration
- Conference center supports weddings, banquets, conferences, and other events
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 71203, LA
37,438
Population
17,178
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
118.5 sq mi
ZIP Area
316
Density / Sq Mi
$46,822
Median Household Income
$35,630
Median Earnings
$987
Median Rent
$181,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Interior-corridor lodging property with full-service operations, multiple brand configurations, and dedicated conference facilities.
Where is this hotel located?
The property is located at 1051 Martin Luther King Jr Drive Monroe, LA.
What are key features of this property?
This property features: 260‑room hotel premises with 130 rooms operating under Clarion and 70 rooms recently converted to Rodeway; Interior‑corridor, full‑service Clarion configuration; Conference center supports weddings, banquets, conferences, and other events
