512-574-1786
308 Avenue V, Lubbock, TX for Sale
Hospitality - FOR SALE
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308 Avenue V
Lubbock, TX 79415
Jackson-Mahon


HIGHLIGHTS

  • Strong and Diversified Corporate, Medical, and Institutional Demand Base
  • Irreplaceable Location Outside of Texas Tech University

OVERVIEW

Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 103-room, 4-story Courtyard Lubbock Downtown University Area (the “Hotel” or “Property”). Located at 308 Avenue V, the Hotel benefits from an irreplaceable location directly adjacent to Texas Tech University and within walking distance of the 60,000+ seat Jones AT&T Stadium, anchoring consistent university, athletic, and alumni-driven demand. Lubbock continues to experience meaningful growth across its education and manufacturing sectors, supported by substantial public and private capital investment and a relatively limited pipeline of new hotel supply. The Hotel offers durable in-place cash flow with operational upside opportunities under new ownership, complemented by minimal PIP requirements upon sale, creating an attractive opportunity for margin expansion in a growing university-anchored market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

103

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard by Marriott Lubbock Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2014

PARKING SPACES

116

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

96,026 SF

ZONING

Commercial

APN/PARCEL ID

R322446

ASK ABOUT THIS PROPERTY

Kami BurnetteHunter Hotel AdvisorsMore Info
512-574-1786

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Kami BurnetteHunter Hotel AdvisorsMore Info
512-574-1786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.