Motel 6 & Studio 6 Lubbock, TX | 909 66th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Motel 6 & Studio 6 Lubbock, TX 909 66th St
122 Room Hotel Lubbock, TX 79412 $4,950,000 ($40,574/Room)
Investment Highlights
- Dual Branded Hotel with 171 Units - 122 Motel 6 and 49 Studio 6
- 2023 Room Revenue: $1,496,141
- Offered at a 3.3x Multiplier of the 2023 Room Revenue
- Priced to sell at $28,947 per key
- Studio 6 opened Jan 2024 with rooms continuing to be added to inventory
- 10th largest city in Texas with Population of 266,873
Executive Summary
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 & Studio 6 in Lubbock, Texas. This property, featuring 171 units—Motel 6: 122 and Studio 6: 49—is located at the interchange of I-27, SE Loop 29, and Hwy 84. It's prime location is located 10 miles from the Lubbock Airport, the Silent Wings Museum, and 5 miles away from Texas Tech University-the sixth largest university in the state. Offered at a 3.6x multiplier of the 2023 room revenue, there is great upside for a new owner as the Studio 6 is poised to provide a new stream of revenue.
Lubbock, Texas goes by the nickname of "Hub City," as it is known for being the economic, educational, and health-care hub of the multicounty region. Lubbock, the 10th largest city in Texas, has a population of 266,873, further enhancing the appeal of this investment. This city is home to rich culture and art. In Lubbock you'll be greeted with a hospitable atmosphere, great dining options, and delightful musical acts. Additionally, Lubbock hosts a variety of festivals and events throughout the year, celebrating its vibrant community and diverse heritage.
Broker of Record: Bharat Patel | NewGen Advisory TX, LLC | License No.: 9006243
For more information, click here: https://airtable.com/appBI1RhQfXjGOWdN/shr27fMS4APyRLl9u
Lubbock, Texas goes by the nickname of "Hub City," as it is known for being the economic, educational, and health-care hub of the multicounty region. Lubbock, the 10th largest city in Texas, has a population of 266,873, further enhancing the appeal of this investment. This city is home to rich culture and art. In Lubbock you'll be greeted with a hospitable atmosphere, great dining options, and delightful musical acts. Additionally, Lubbock hosts a variety of festivals and events throughout the year, celebrating its vibrant community and diverse heritage.
Broker of Record: Bharat Patel | NewGen Advisory TX, LLC | License No.: 9006243
For more information, click here: https://airtable.com/appBI1RhQfXjGOWdN/shr27fMS4APyRLl9u
Property Facts
| Price | $4,950,000 | Building Size | 22,572 SF |
| Price Per Room | $40,574 | No. Rooms | 122 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1979/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 8.86/1,000 SF |
| Lot Size | 3.10 AC | Corridor | Exterior |
| Price | $4,950,000 |
| Price Per Room | $40,574 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.10 AC |
| Building Size | 22,572 SF |
| No. Rooms | 122 |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2023 |
| Tenancy | Single |
| Parking Ratio | 8.86/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 122 | $47.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | R45716 | Improvements Assessment | $4,339,564 |
| Land Assessment | $260,436 | Total Assessment | $4,600,000 |
PROPERTY TAXES
Parcel Number
R45716
Land Assessment
$260,436
Improvements Assessment
$4,339,564
Total Assessment
$4,600,000
zoning
| Zoning Code | F1 (Motel) |
| F1 (Motel) |
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Motel 6 & Studio 6 Lubbock, TX | 909 66th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.