Best Western Plus Lubbock Windsor Inn

$5,100,000

5410 Interstate 27, Lubbock, TX 79404

Details

  • $5,100,000
  • Midscale

Investment Overview:

Marcus & Millichap is pleased to present the exclusive listing opportunity to purchase the Best Western Plus Lubbock Windsor Inn. This property is a 64-room interior corridor hotel built in 1995. This turnkey opportunity was recently renovated to Best Westerns latest Design Review standards and qualifies for Best Westerns Automatic Transfer. The opportunity is offered at a 9.67 percent cap rate.

From the Red Raiders to some of the best Texas dining in the state, guests at this Lubbock hotel have endless entertainment possibilities. Business travelers and medical tourists also prefer this property because of the outstanding highway accessibility and convenience to everything Lubbock has to offer. Business travelers make this hotel their home with O’Reilly Auto Parts, Sysco, the University Medical Center, Covenant Health Systems and, of course, Texas Tech University all close by. This hotel is five to seven minutes away from Jones AT&T Stadium and is a popular stay for game day travelers. It is about five to seven minutes to Texas Tech University, which enrolls over 36,000 students and on pace to hit 40,000 students by 2020. With Covenant Health Systems and the University Medical Center nearby, it is a regular stay for those visiting patients, physicians and medical staff to the area.

Within the last six years, Texas Tech has either completed or is currently working on around $1.1 billion of construction and design. Lubbock is the only city in the nation with a comprehensive university, a health sciences center, an agriculture college and a law school in one location, making Texas Tech University the second largest contiguous university in the United States.

Property Overview:

The Best Western Plus Lubbock Windsor Inn & Suites is a 64-unit, interior-corridor hotel built in 1995. This turnkey opportunity was recently renovated to Best Western’s latest Design Review standards and qualifies forBest Westerns Automatic Transfer. It is conveniently located off Interstate Highway 27, with easy access to Highway 84, Highways 62/82, and Loop 289. It is a100 percent smoke-free, pet-friendly hotel that offers complimentary breakfast. The guest rooms feature Serta Pillow-Top Beds, microwave, refrigerator, desk with lamp, iPhone docking station, and 32-inch flat screen, high-definition televisions with cable. In addition, the common area amenities include an exercise facility, indoor heated pool, complimentary high-speed internet access, ice/vending machines, and an elevator.

Location Overview:

Lubbock, Texas is seated in Lubbock County and located in the northwestern part of the state. The Lubbock area is the largest contiguous cotton-growing region in the world. Also, less than five miles from the Best Western Plus Lubbock is Texas Tech University which hosts multiple sporting events, graduations, and student activities that generates room demand. Some major employers include the Covenant Health System, University Medical Center, United Supermarkets, and AT&T.

Agent for this listing

Steve Swenholt

Senior Associate, National Hospitality Group
Office: (512) 338-7826
Mobile: (972) 824-5483
Fax: (512) 338-7810
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