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.