512-574-1786
6027 45th St, Lubbock, TX for Sale
Hospitality - FOR SALE
1/3
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6027 45th St
Lubbock, TX 79407
Northwest Lubbock


HIGHLIGHTS

  • Rare opportunity to acquire two Hilton-branded hotels as a portfolio or individual assets.
  • Complementary 113-key Hilton Garden Inn and 74-key Homewood Suites serving diverse traveler segments.
  • Located less than five miles from Texas Tech University, with more than 42,000 students.
  • Institutionally owned assets offered free of existing management and debt encumbrances.
  • Proximity between properties creates potential operational synergies and cost efficiencies.
  • Positioned within a market benefiting from growth in education, healthcare, and manufacturing.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF ROOMS

113

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hilton Garden Inn Lubbock

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

65

LAND DETAILS

LAND ACRES

3.14 AC

LAND SF

136,778 SF

ZONING

Commercial

APN/PARCEL ID

R325650

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.