Hunter Advisors has been exclusively engaged to market the fee-simple interest in the 113-key Hilton Garden Inn Lubbock and the 74-key Homewood Suites Lubbock (collectively, the “Hotels” or “Portfolio”), a complementary two-asset offering located in Lubbock, one of Texas' fastest-growing and most dynamic university markets. The Hotels are being offered as a portfolio but can be sold separately. Strategically positioned within minutes to one another and just under five miles from Texas Tech University, one of the largest universities in Texas with more than 42,000 students and a major anchor of the city’s economy.
The Portfolio provides a unique opportunity to acquire institutionally owned and third-party operated assets allowing new ownership the ability to increase operational economies of scale, as only the sales department is currently complexed. The combination of two premium brand brands capturing different customer segments, positions the Portfolio to deliver stable cash flow with meaningful upside potential under new ownership, supported by a submarket that continues to see healthy demand fundamentals and employment growth.