La Quinta Inn & Suites by Wyndham Lubbock 4115 Marsha Sharp Fwy 128 Room Hotel Lubbock, TX 79407 $10,000,000 ($78,125/Room)
INVESTMENT HIGHLIGHTS
- Since 2022, the hotel has consistently generated strong rooms revenue, averaging over $2,300,000 (rounded), showcasing Lubbock submarket growth.
- Given the recent renovations, a minor change-of-ownership property improvement plan (PIP) is expected.
- Excellent location near West Medical Center in the Lubbock Medical District drives consistent lodging demand.
- Over the last two years, current ownership has invested in upgrades and renovations throughout multiple areas of the property.
- The seller is offering to finance a short-term loan, with a down payment of 12.0% from a qualified buyer, at an interest rate of 7.5%.
- Located near Texas Tech University (TTU), which draws a steady stream of visitors, including prospective students, families, & sports fans.
EXECUTIVE SUMMARY
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=153241
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 128-key La Quinta Inn & Suites by Wyndham Lubbock West Medical Center, a limited-service hotel asset in Lubbock, Texas. This opportunity presents an investor with an excellent opportunity to acquire a recently renovated hotel asset in a city that is anchored by a major university.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 128-key La Quinta Inn & Suites by Wyndham Lubbock West Medical Center, a limited-service hotel asset in Lubbock, Texas. This opportunity presents an investor with an excellent opportunity to acquire a recently renovated hotel asset in a city that is anchored by a major university.
PROPERTY FACTS
| Price | $10,000,000 |
| Price Per Room | $78,125 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.08 AC |
| Building Size | 106,562 SF |
| No. Rooms | 128 |
| No. Stories | 6 |
| Year Built/Renovated | 1986/2024 |
| Tenancy | Single |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 6 | $108.00 | - |
| Guest Room | 122 | $93.00 | - |
PROPERTY TAXES
| Parcel Number | R59857 | Improvements Assessment | $5,465,156 |
| Land Assessment | $634,844 | Total Assessment | $6,100,000 |
