La Quinta Inn & Suites by Wyndham Lubbock | 4115 Marsha Sharp Fwy
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La Quinta Inn & Suites by Wyndham Lubbock 4115 Marsha Sharp Fwy
128 Room Hotel Lubbock, TX 79407 For Sale
Investment Highlights
- Located directly off Highway 82 providing convenient access.
- In 2023, the La Quinta posted a net operating income (“NOI”) of approximately $1.1 million.
- The hotel is in excellent condition, requiring minimal capital improvements for a new ownership.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the La Quinta Inn & Suites by Wyndham Lubbock - Medical Center. The property is located off Highway 82, nestled among Texas Tech University, South Plains Mall, and United Supermarkets Arena, Lubbock Christian University, UMC Health System, and several restaurants and recreation area. Thanks to this ideal location, the La Quinta receives business from a diverse population of both corporate and leisure clientele.
Property Facts
| Sale Type | Investment | No. Rooms | 128 |
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1985/2017 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.07 AC | Corridor | Interior |
| Building Size | 106,562 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.07 AC |
| Building Size | 106,562 SF |
| No. Rooms | 128 |
| No. Stories | 5 |
| Year Built/Renovated | 1985/2017 |
| Tenancy | Single |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $153.09 CAD | - |
| Guest Room | 122 | $131.82 CAD | - |
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PROPERTY TAXES
| Parcel Number | R59857 | Improvements Assessment | $7,686,195 CAD |
| Land Assessment | $892,845 CAD | Total Assessment | $8,579,040 CAD |
PROPERTY TAXES
Parcel Number
R59857
Land Assessment
$892,845 CAD
Improvements Assessment
$7,686,195 CAD
Total Assessment
$8,579,040 CAD
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La Quinta Inn & Suites by Wyndham Lubbock | 4115 Marsha Sharp Fwy
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