4115 Marsha Sharp Fwy - Hospitality FOR SALE


Lubbock, TX 79407- Maxey Park
$10,000,000 USD
281-684-5653
4115 Marsha Sharp Fwy, Lubbock, TX for Sale
$10,000,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

4115 Marsha Sharp Fwy
Lubbock, TX 79407
Maxey Park


HIGHLIGHTS

  • Since 2022, the hotel has consistently generated strong rooms revenue, averaging over $2,300,000 (rounded), showcasing Lubbock submarket growth.
  • Over the last two years, current ownership has invested in upgrades and renovations throughout multiple areas of the property.
  • Given the recent renovations, a minor change-of-ownership property improvement plan (PIP) is expected.
  • The seller is offering to finance a short-term loan, with a down payment of 12.0% from a qualified buyer, at an interest rate of 7.5%.
  • Excellent location near West Medical Center in the Lubbock Medical District drives consistent lodging demand.
  • Located near Texas Tech University (TTU), which draws a steady stream of visitors, including prospective students, families, & sports fans.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=153241 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 128-key La Quinta Inn & Suites by Wyndham Lubbock West Medical Center, a limited-service hotel asset in Lubbock, Texas. This opportunity presents an investor with an excellent opportunity to acquire a recently renovated hotel asset in a city that is anchored by a major university.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$94 USD /SF

# OF ROOMS

128

PRICE/ROOM

$78,125 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham Lubbock

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

-

APN/PARCEL ID

R59857

ASK ABOUT THIS PROPERTY

281-684-5653

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281-684-5653

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