Holiday Inn Lubbock South | 6107 Justice Ave
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Holiday Inn Lubbock South 6107 Justice Ave
107 Room Hotel Lubbock, TX 79424 $16,500,000 ($154,206/Room)
Investment Highlights
- The property has a very modern aesthetic.
- This hotel boasts ample parking with 123 spaces.
Executive Summary
Holiday Inn Lubbock Texas presents a lucrative investment opportunity at 6107 Justice Ave, Lubbock, TX 79424. Built-in 2019, this modern hotel spans 118,248 SF on 4.78 acres of land, offering 107 well-appointed rooms. The property boasts ample parking with 123 spaces, ensuring convenience for guests. Strategically located, Holiday Inn Lubbock Texas benefits from a strong demographic profile with estimated 2023 population figures of 6,276, 84,324, and 182,656 within 1, 3, and 5 miles, respectively. The area features a flourishing economy, depicted by median household incomes ranging from $71,174 to $76,161. Don't miss the chance to capitalize on this turnkey hospitality investment. Explore the potential of Holiday Inn Lubbock Texas today for $16,500,000, translating to a competitive price per key of $164,485. Contact us for further details and secure your stake in the thriving Lubbock market.
Property Facts
| Price | $16,500,000 | Building Size | 118,248 SF |
| Price Per Room | $154,206 | No. Rooms | 107 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2019 |
| Property Subtype | Hotel | Parking Ratio | 1.04/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 4.78 AC |
| Price | $16,500,000 |
| Price Per Room | $154,206 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.78 AC |
| Building Size | 118,248 SF |
| No. Rooms | 107 |
| No. Stories | 4 |
| Year Built | 2019 |
| Parking Ratio | 1.04/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $100.00 | - |
| Guest Room | 104 | $91.00 | - |
PROPERTY TAXES
| Parcel Number | R113085 | Improvements Assessment | $5,869,520 |
| Land Assessment | $830,480 | Total Assessment | $6,700,000 |
PROPERTY TAXES
Parcel Number
R113085
Land Assessment
$830,480
Improvements Assessment
$5,869,520
Total Assessment
$6,700,000
zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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Holiday Inn Lubbock South | 6107 Justice Ave
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