This Hospitality Property is no longer advertised on LoopNet.com.
4003 S Loop 289
Hampton Inn Lubbock · Hospitality Property For Sale
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37,872 SF
INVESTMENT HIGHLIGHTS
Institutionally owned, 80-room, Hampton Inn by Hilton that is located directly off South Loop 289 in Lubbock, Texas.
Surrounded by a wealth of regional demand generators, including Texas Tech University, United Supermarkets Arena, UMC Health System, and many more.
Significant potential for more hands-on operator through more focused revenue management strategies and reduction in corporate allocated expenses.
Unique opportunity to acquire a premium limited-service hotel bolstered by the global Hilton Honors program, with more than 170 million members.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Hospitality
Property Subtype
Hotel
Building Class
B
Lot Size
1.42 AC
Building Size
37,872 SF
No. Stories
3
Year Built
1996
Tenancy
Single
Parking Ratio
4.75/1,000 SF
Corridor
Interior
Zoning
F1
PROPERTY TAXES
Parcel Number
R139682
Improvements Assessment
$5,109,738
Land Assessment
$210,909
Total Assessment
$5,320,647
