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Courtyard by Marriott Lubbock Downtown 308 Avenue V 103 Room Hotel Lubbock, TX 79415 For Sale
Investment Highlights
- Strong and Diversified Corporate, Medical, and Institutional Demand Base
- Irreplaceable Location Outside of Texas Tech University
Executive Summary
Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 103-room, 4-story Courtyard Lubbock Downtown University Area (the “Hotel” or “Property”). Located at 308 Avenue V, the Hotel benefits from an irreplaceable location directly adjacent to Texas Tech University and within walking distance of the 60,000+ seat Jones AT&T Stadium, anchoring consistent university, athletic, and alumni-driven demand. Lubbock continues to experience meaningful growth across its education and manufacturing sectors, supported by substantial public and private capital investment and a relatively limited pipeline of new hotel supply. The Hotel offers durable in-place cash flow with operational upside opportunities under new ownership, complemented by minimal PIP requirements upon sale, creating an attractive opportunity for margin expansion in a growing university-anchored market.
Property Facts
| Sale Type | Investment | No. Rooms | 103 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2014 |
| Building Class | B | Parking Ratio | 1.54/1,000 SF |
| Lot Size | 2.20 AC | Corridor | Interior |
| Building Size | 75,296 SF | ||
| Zoning | Commercial | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.20 AC |
| Building Size | 75,296 SF |
| No. Rooms | 103 |
| No. Stories | 4 |
| Year Built | 2014 |
| Parking Ratio | 1.54/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 9 | $170.00 | - |
| Guest Room | 94 | $126.00 | - |
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Property Taxes
| Parcel Number | R322446 | Improvements Assessment | $7,652,818 |
| Land Assessment | $672,182 | Total Assessment | $8,325,000 |
Property Taxes
Parcel Number
R322446
Land Assessment
$672,182
Improvements Assessment
$7,652,818
Total Assessment
$8,325,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Courtyard by Marriott Lubbock Downtown | 308 Avenue V
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