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6023 45th St
Lubbock, TX 79407

$10,049,000 USD

Hotel For Sale  •  49,532 SF

Property Details

• Property Type Hotel
• Total Building Size 49,532 SF
• Lot Size 1.84 AC
• Building Class B
• Year Built 2010
• Cap Rate 7.32 %
• Tenancy Single
• Zoning F1

18 Transit Score

38 Walk Score

Highlights

Strong Brand Recognition: The Holiday Inn Express, a renowned and trusted name within the IHG portfolio, draws a devoted customer base.

Recently Completed PIP: Benefit from a recently completed Formula Blue 1 PIP (2021).

Prime Location: Situated just 5 miles from Texas Tech University and 2 miles from Lubbock Christian University, with easy access to Lubbock.

Economic Growth: The $1 billion Leprino Foods plant, opening in 2025, will bring over 600 new jobs, boosting hotel demand.

Infrastructure Improvements: A $19 million project to upgrade Upland Avenue to a five-lane road will enhance access and visibility.

Operational Potential: New ownership can optimize operations and implement strategies for increased profitability.

Property Flyers

Holiday Inn Express & Suites Lubbock West OM

Cap Rate:

7.32 %

Amenities

• Business Center
• Fitness Center
• Pool
• Meeting Event Space

Public Transportation

Airport	Drive	Walk	Distance
Lubbock Preston Smith International	31 min	-	18.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	50
Type:	Surface
Included in Rent:	Yes