Listing Summary
56 unit, 2 story exterior corridor Franchised Hotel located a few minutes from Texas Tech University, Lubbock Preston H. Smith International Airport, and Historic Depot District in Lubbock, TX.
Full Description
56-Unit Franchised Hotel in Lubbock, TX: Ideal for Owner-Operator
Acquire a well-maintained, 56-unit, 2-story exterior corridor franchised hotel in Lubbock, Texas, with direct access to the TX-62 Freeway. This property is strategically located just minutes from Texas Tech University, Lubbock Preston H. Smith International Airport, and the Historic Depot District.
Key Investment Highlights:
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Ideal for Owner-Operator: Features an exceptional 2-story manager's apartment located in the separate lobby building, including 4 bedrooms, 3 bathrooms, a living room, a kitchen, and a study room.
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Strong Performance & Upside: Generated $814,398 in revenue in 2023. Given the current absentee ownership, there is clear opportunity for an on-site operator to increase profitability.
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Excellent Condition: Built in 1979, the property has been well-maintained and is in excellent condition.
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Market Strength: Lubbock (Population $\approx 255,000$) is a rapidly growing market (10% growth rate) anchored by powerful demand generators: Texas Tech University, Covenant Medical Center, University General Hospital, and major event venues like the United Supermarkets Arena.
This asset offers a high-quality property, built-in owner housing, and strong growth potential in a thriving university city.
Quick Glance
- Listing ID:
CL-Texas-27187
- Status:
Active
- Year Build:
1979
- Building Size:
N/A
- Lot Size:
N/A