Iowa-based hotel management, investment and development firm Hawkeye Hotels acquired the SpringHill Suites Shreveport-Bossier City/Louisiana Downs, a Marriott hotel in Bossier City, La. This is the company's third Louisiana property. Hawkeye Hotels also acquired the Hilton Garden Inn in Baton Rouge and the Hotel Modern in New Orleans, which will soon rebrand as a Holiday Inn Express.
The transaction was brokered by Avison Young of Toronto.
Located within 3 miles of both Barksdale Air Force Base and the Cyber Innovation Center, the property sits in front of Harrah's Louisiana Downs Casino and Racetrack. It is visible from interstates 20 and 220. The Red River District and the Louisiana Boardwalk also are in close proximity.
"This is the third Louisiana region where we have had the chance to work, and it has been a pleasure to develop a partnership with the city and other local stakeholders," Samir Patel, senior development manager for Hawkeye Hotels, said in a statement. “We see this particular SpringHill Suites as an exciting opportunity to help the Bossier City area continue to meet high demands for lodging."
The SpringHill Suites offers 150 guestrooms, an indoor pool, a fitness center, a business center and free high-speed wireless internet. Hawkeye Hotels plans to oversee minor indoor renovations, in addition to surface repairs to the building's exterior.
Hawkeye Hotels was founded in 1982 with one roadside hotel in Mena, Ark. Today, the firm owns and operates more than 50 hotels across the U.S.