Log In/Sign Up
Your email has been sent.
MCM Eleganté Hotel & Suites 801 Avenue Q 295 Room Hotel Lubbock, TX 79401 For Sale
Investment Highlights
- The hotel is sold unencumbered by brand and management. Conversion opportunities include IHG, Marriott, Wyndham, Sonesta, and Best Western.
- The hotel is located in the heart of downtown Lubbock and is in proximity to the area’s top demand generators, including Texas Tech University.
- Seller financing with 33.33% down payment of acquisition cost and a 6.00% interest rate is included in this offering.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the MCM Eleganté Hotel & Suites in Lubbock, Texas. The property is located just south of US-82, within walking distance of the Buddy Holly Performing Arts and Sciences, and several restaurant and recreation area. This prime location allows the hotel to receive business from a diverse population of both transient and leisure segments.
Property Facts
| Sale Type | Investment | No. Stories | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1982/2007 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.63/1,000 SF |
| Lot Size | 5.23 AC | Corridor | Interior |
| Building Size | 378,150 SF | Opportunity Zone |
Yes
|
| No. Rooms | 295 | ||
| Zoning | C - Commercial | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.23 AC |
| Building Size | 378,150 SF |
| No. Rooms | 295 |
| No. Stories | 6 |
| Year Built/Renovated | 1982/2007 |
| Tenancy | Single |
| Parking Ratio | 0.63/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 72 | $158.00 | - |
| Guest Room | 223 | $132.00 | - |
Property Taxes
| Parcel Number | R56242 | Improvements Assessment | $4,577,664 |
| Land Assessment | $1,772,336 | Total Assessment | $6,350,000 |
Property Taxes
Parcel Number
R56242
Land Assessment
$1,772,336
Improvements Assessment
$4,577,664
Total Assessment
$6,350,000
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
MCM Eleganté Hotel & Suites | 801 Avenue Q
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.