Holiday Inn Lubbock South 6107 Justice Ave 107 Room Hotel Lubbock, TX 79424 $16,500,000 ($154,206/Room)
INVESTMENT HIGHLIGHTS
- Year round customer base Immediate and consistent foot traffic prime location Surrounded by residential, retail, medical developments High visibility
EXECUTIVE SUMMARY
An exceptional investment opportunity awaits with the Holiday Inn Lubbock South, an IHG Hotel - a 107-room, new build property that opened its doors in 2019. This modern, full-service hotel offers a thoughtfully curated mix of king suites, double queen suites, and spacious family suites, along with King and double queens appealing to a wide range of guests including business travelers, university visitors, and families. The property includes a built-in restaurant space, currently available for lease, presenting a valuable opportunity for an established or up-and-coming restaurant operator to capitalize on the hotel's steady clientele and high visibility. As part of the globally recognized IHG brand, the hotel benefits from strong brand loyalty, reservation infrastructure, and operational support, making a turnkey asset in one of the West Texas's fastest-growing markets.
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PROPERTY FACTS
| Price | $16,500,000 |
| Price Per Room | $154,206 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.78 AC |
| Building Size | 118,248 SF |
| No. Rooms | 107 |
| No. Stories | 4 |
| Year Built | 2019 |
| Parking Ratio | 1.04/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $100.00 | - |
| Guest Room | 104 | $91.00 | - |
PROPERTY TAXES
| Parcel Number | R113085 | Improvements Assessment | $5,869,520 |
| Land Assessment | $830,480 | Total Assessment | $6,700,000 |
