214-549-2125
6415 62nd St, Lubbock, TX for Sale
Hospitality - FOR SALE
1/4
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6415 62nd St
Lubbock, TX 79424


HIGHLIGHTS

  • High Quality, Extended-Stay Asset
  • Operational Upside
  • High Growth Market with Limited New Supply
  • Attractive Basis and Discount to Replacement Cost

OVERVIEW

Hunter Hotel Advisors has been retained as the exclusive advisor to solicit offers to acquire the 104-room Residence Inn Lubbock Southwest (the “Hotel” or “Property”). Located directly off Highway 327, the fee-simple, institutional quality Hotel benefits from its proximity to the area’s premier educational, healthcare, corporate, and cultural demand drivers. Just 7 minutes from the Property is Texas Tech University, one of the largest universities in Texas with more than 40,000 students and a major anchor of the city’s economy. The University Medical Center, also located on campus, is a 500-bed teaching hospital employing 5,000 people and housing the only Level I Trauma Center in West Texas. Additional demand is driven by Lubbock Christian University, the semiconductor manufacturer X-FAB, and downtown cultural attractions including the $158 million Buddy Holly Hall of Performing Arts and Sciences. The offering presents investors with the opportunity to acquire a well-located, extended-stay Residence Inn at a significant discount to replacement cost. The Hotel has consistently produced strong revenues, generating $3,198,820 in Total Revenue and $1,000,416 in NOI for the trailing twelve-month period ending August 2025. While in-place operations provide immediate returns, NOI margins currently trail extended-stay sector averages, offering a buyer significant upside through the implementation of a new management strategy.

FOR SALE DETAILS

PRICE

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# OF ROOMS

104

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residence Inn Lubbock Southwest

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

IHC

APN/PARCEL ID

R329386

ASK ABOUT THIS PROPERTY

Mason McDavidHunter Hotel AdvisorsMore Info
214-549-2125

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Mason McDavidHunter Hotel AdvisorsMore Info
214-549-2125

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