4802 S Loop 289 | Lubbock, TX 79414
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4802 S Loop 289
Lubbock, TX 79414
Extended Stay America Suites Lubbock · Hospitality Property For Sale
·
41,277 SF
INVESTMENT HIGHLIGHTS
- • Opportunity to Up brand to Candlewood by IHG
- • High Upside | Below Current Construction Costs
- • Tremendous ADR & Revenue Upside (Currently $10 Below Comp set in ADR) Thru PIP Renovations
- • 92 All Suites with Kitchenettes Extended Stay Hotel
- • Consistently 77% PLUS Occupancy
- • STRONG West Texas Market
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2001/2013 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.81 AC | Parking Ratio | 4.36/1,000 SF |
| Building Size | 41,277 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.81 AC |
| Building Size | 41,277 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2001/2013 |
| Tenancy | Single |
| Parking Ratio | 4.36/1,000 SF |
| Corridor | Interior |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | R71789 | Improvements Assessment | $2,739,367 |
| Land Assessment | $552,433 | Total Assessment | $3,291,800 |
PROPERTY TAXES
Parcel Number
R71789
Land Assessment
$552,433
Improvements Assessment
$2,739,367
Total Assessment
$3,291,800
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