4019 S Loop 289 - Hospitality FOR SALE


Lubbock, TX 79423- Kings Park
$6,300,000 USD
972-810-7729
4019 S Loop 289, Lubbock, TX for Sale
$6,300,000 USD
Hospitality - FOR SALE
1/12
null | 10% Cap Rate

4019 S Loop 289
Lubbock, TX 79423
Kings Park


HIGHLIGHTS

  • 124 rooms over 2 floors
  • West End Center - 2 min drive
  • South Plains Mall - 1 min drive
  • Texas Tech University - 4 min drive
  • Buddy Holly Center - 9 min drive
  • Lubbock Preston Smith Int'l Airport - 31 min / 17.1 miles

OVERVIEW

PLEASE VISIT THE FULL LISTING PAGE ON OUR WEBSITE FOR MORE INFORMATION: www.tabanirealty.com/listings Ashmore Inn & Suites presents a compelling acquisition opportunity in the stable, growing Lubbock, TX market. Strategically positioned near Interstate 27 and South Loop 289, the property benefits from steady demand generators including Texas Tech University, downtown Lubbock's business and government corridor, and the South Plains Mall retail hub. Proximity to Lubbock Preston Smith International Airport further supports consistent transient and corporate travel. Lubbock's diversified economy, anchored by healthcare, education, and agribusiness, provides resilient year-round demand with added upside from university-driven seasonal peaks. The asset offers strong potential for value-add repositioning, brand conversion, or continued operation under its current model, appealing to owner-operators seeking hands-on upside or investors targeting a stable secondary-market hold. With favorable access, visibility, and surrounding commercial density, Ashmore Inn & Suites is well-positioned for sustained occupancy and long-term asset appreciation. Location Description Ashmore Inn & Suites puts you within easy reach of everything Lubbock has to offer. Conveniently situated near Interstate 27 and South Loop 289, the hotel offers quick access to major routes throughout the city, making it a smart home base for both business and leisure travelers. Texas Tech University and its lively surrounding district are just a short drive away, perfect for game days, campus visits, or exploring local shops and restaurants. Downtown Lubbock, with its museums, historic sites, and dining scene, is easily reachable in minutes. Shopping enthusiasts will appreciate the proximity to South Plains Mall and numerous retail centers along the loop. Lubbock Preston Smith International Airport is also nearby, simplifying arrivals and departures. Whether you're in town for business, a university event, or exploring West Texas culture, Ashmore Inn & Suites offers a central, accessible location for your stay.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$84 USD /SF

# OF ROOMS

124

PRICE/ROOM

$50,806 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ashmore Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

128

LAND DETAILS

LAND ACRES

4.31 AC

LAND SF

187,895 SF

ZONING

F1

APN/PARCEL ID

R98834

ASK ABOUT THIS PROPERTY

Salman TabaniTabani RealtyMore Info
972-810-7729

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Salman TabaniTabani RealtyMore Info
972-810-7729

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