2115 Marsha Sharp Fwy | Lubbock, TX 79415
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2115 Marsha Sharp Fwy
Lubbock, TX 79415
Holiday Inn Express & Suites Lubbock · Hospitality Property For Sale · 36,684 SF
Investment Highlights
- The property is located less than a mile from Texas Tech University (TTU), with excellent visibility off the frontage road along Marsha Sharp Freeway.
- The hotel's rooms revenue for the YTD September 2023 period increased by 14.3%, compared to the same period last year.
- TTU recently announced a $200-million investment to upgrade and expand the 60,000-seat Jones AT&T Football Stadium, home to the school’s Red Raiders.
- Rooms revenue for the TTM period ending in September 2023 equated to $3,250,000 (rounded)—the highest performance since 2019.
- Per the change-of-ownership PIP report, the cost is minimal, and most items are not due until May 2025.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2018 |
| Building Class | B | Parking Ratio | 2.45/1,000 SF |
| Lot Size | 2.06 AC | Corridor | Interior |
| Building Size | 36,684 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.06 AC |
| Building Size | 36,684 SF |
| No. Stories | 4 |
| Year Built | 2018 |
| Parking Ratio | 2.45/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | R330653 | Improvements Assessment | $9,336,685 |
| Land Assessment | $1,078,248 | Total Assessment | $10,414,933 |
PROPERTY TAXES
Parcel Number
R330653
Land Assessment
$1,078,248
Improvements Assessment
$9,336,685
Total Assessment
$10,414,933
zoning
| Zoning Code | F1 |
| F1 |
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