713-577-1760
801 Avenue Q, Lubbock, TX for Sale
Hospitality - FOR SALE
1/19
null | Request Cap Rate

801 Avenue Q
Lubbock, TX 79401
Downtown Lubbock


HIGHLIGHTS

  • The hotel is sold unencumbered by brand and management. Conversion opportunities include IHG, Marriott, Wyndham, Sonesta, and Best Western.
  • Seller financing with 33.33% down payment of acquisition cost and a 6.00% interest rate is included in this offering.
  • The hotel is located in the heart of downtown Lubbock and is in proximity to the area’s top demand generators, including Texas Tech University.

OVERVIEW

CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the MCM Eleganté Hotel & Suites in Lubbock, Texas. The property is located just south of US-82, within walking distance of the Buddy Holly Performing Arts and Sciences, and several restaurant and recreation area. This prime location allows the hotel to receive business from a diverse population of both transient and leisure segments.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

295

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MCM Eleganté Hotel & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1982

PARKING SPACES

287

LAND DETAILS

LAND ACRES

5.23 AC

LAND SF

227,819 SF

ZONING

C

APN/PARCEL ID

R56242

ASK ABOUT THIS PROPERTY

Michael YuCBRE, Inc.More Info
713-577-1760

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Michael YuCBRE, Inc.More Info
713-577-1760

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