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- LoopNet Team
6023 45th St
Lubbock, TX 79407
Holiday Inn Express & Suites Lubbock West · Hospitality Property For Sale
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49,532 SF
INVESTMENT HIGHLIGHTS
- 82-Room, Four-Story, Upper-Midscale Hotel Built in 2010
- Nearby Demand Generators Include Texas Tech University, Lubbock Christian University, and Lubbock Preston Smith International Airport
- Cash-Flowing Asset – 2021 Room Revenues of Over $1.92 Million and a Net Operating Income of $668.5 Thousand or 34.4 Percent of Gross Revenues
- Excellent Visibility and Accessibility from Highway 62 and Loop 289
- Over 90 Percent RevPAR Increase from 2020
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2010/2020 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.84 AC | Parking Ratio | 1.01/1,000 SF |
| Building Size | 49,532 SF | Corridor | Interior |
| Zoning | F1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.84 AC |
| Building Size | 49,532 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2010/2020 |
| Tenancy | Single |
| Parking Ratio | 1.01/1,000 SF |
| Corridor | Interior |
| Zoning | F1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
ABOUT 6023 45TH ST , LUBBOCK, TX 79407
The Holiday Inn Express & Suites Lubbock West is an 82-room, four-story, upper-midscale Hotel, built in 2010, renovated in 2020 and 2021, and located in Lubbock, Texas. Renovations in 2021 included undergoing a complete Formula Blue Property Improvement Plan. The Property’s common area amenities include a heated indoor pool with a whirlpool, fitness center, meeting room, and a business center. Each room features amenities such as blackout shades, an ironing board with iron, a mini-refrigerator, microwave, coffee machine, work desk with a lamp, and flat-screen television.
PROPERTY TAXES
| Parcel Number | R313120 | Improvements Assessment | $4,079,920 |
| Land Assessment | $320,080 | Total Assessment | $4,400,000 |
PROPERTY TAXES
