News Summary
The $50 million dual Marriott hotel project in Shreveport faces significant delays and financial issues, raising concerns about its future. City officials report halted construction, outstanding liens, and potential mold problems at the site. Originally scheduled for a summer 2024 opening, completion may now be pushed back to June 2025 or later. Discussions regarding appointing a new contractor are underway, but financial stability remains a significant concern for the project, which aims to boost local tourism and employment.
Shreveport, Louisiana is facing uncertainty surrounding the construction of a estimated $50 million dual Marriott hotel project at 1419 East 70th Street. The project, which aims to include a Springhill Suites and TownePlace Suites, hit a major bump in the road recently, halting construction and accumulating multiple liens against the property.
The dual hotel is designed to offer a total of 216 units, comprised of 99 extended stay rooms and 117 suites. Additionally, the development includes plans for a Boston Pizza Restaurant and Sports Bar to complement the hotel offerings. Originally acquired by D Shiri LLC on April 1, 2020, for just over $10 million, renovations commenced but were unexpectedly halted, raising significant concerns regarding the future of the project.
City of Shreveport’s Chief Building Official noted that the construction site has been plagued with issues, particularly regarding humidity and potential mold growth attributed to a lack of airflow within the building. A recent rough-in inspection confirmed that while electrical work had passed initial inspections, the crew was not ready for subsequent evaluations. The situation has left city officials apprehensive, as there has been little observable activity at the site since early May.
As problems mounted, a representative involved in the hotel project cited managerial and construction challenges that have further delayed progress. Initially projected for a summer 2024 opening, estimates have now pushed completion to June 2025, with some suggesting that achieving a 2026 opening might be more realistic. New signage for the hotel has been installed, but minimal exterior changes have taken place in recent months.
Financial concerns have emerged as unpaid liens totaling $298,030.05 now affect the property, with various contractors and construction firms filing claims. On top of these financial burdens, approximately $170,600.34 in 2024 property taxes remains outstanding, and the possibility of a tax sale looms if the debts are not cleared by a looming June 3 deadline.
D Shiri LLC has a complicated financial history, having borrowed $52,050,000 for the hotel project, with its total mortgage ballooning to $92,710,000 by February 2023. The property has changed ownership multiple times, including a tax sale purchase made by Shreveport attorney George H. Mills Jr. in 2023, raising questions about the long-term viability of the project.
Recent developments indicate that discussions are underway for the appointment of a new general contractor to facilitate the project’s resumption. Dean Commercial Inc. and Rectitude Construction LLC are expected to take charge of construction; however, they are tasked with resolving previous issues before work can officially commence. The hotel project not only bears significance for its intended role in boosting tourism but also for its potential impact on local employment and economic revitalization ambitions.
As the situation continues to unfold, city officials, potential guests, and local businesses remain watchful of the construction’s progress and its implications on the Shreveport economy. The future of the Marriott dual hotel project remains uncertain, raising concerns about the timeline, financial stability, and the community’s revitalization efforts as they look towards the completion of this ambitious development.
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Additional Resources
- Shreveport Hotel Project Hits Snags – Shreveport Bossier Advocate
- Wyndham Marriott Under Construction – Shreveport Bossier Advocate
- Dreamscape Adds Hilton Garden Inn – Hotel Business
- Springhill Suites & TownePlace Suites Coming to Shreveport – Shreveport Times
- Why This Shreveport Hotel Has Never Opened – Shreveport Bossier Advocate
- Wikipedia: Hotel
- Google Search: Hotel Construction Issues
- Google Scholar: Hotel Development Challenges
- Encyclopedia Britannica: Hospitality Industry
- Google News: Shreveport Hotel Construction
Author: STAFF HERE SHREVEPORT WRITER
The SHREVEPORT STAFF WRITER represents the experienced team at HEREShreveport.com, your go-to source for actionable local news and information in Shreveport, Caddo Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mudbug Madness Festival, Red River Revel Arts Festival, and Independence Bowl. Our coverage extends to key organizations like the Shreveport-Bossier Chamber of Commerce and Shreveport Regional Arts Council, plus leading businesses in gaming, healthcare, and energy that power the local economy such as Horseshoe Casino, Ochsner LSU Health, and Atmos Energy. As part of the broader HERE network, including HEREBatonRouge.com and HERENewOrleans.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
