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Motel 6 & Studio 6 Lubbock, TX 909 66th St

122 Room Hotel Lubbock, TX 79412 $7,045,038 CAD ($57,746 CAD/Room)

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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

Property Facts

Price	$7,045,038 CAD	Building Size	22,572 SF
Price Per Room	$57,746 CAD	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	$7,045,038 CAD
Price Per Room	$57,746 CAD
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