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Property Description:
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6/Studio 6 – Lubbock, TX. This dual branded property, featuring 169 units—Motel 6: 120 and Studio 6: 49—is located at the interchange of I-27, SE Loop 29, and Hwy 84. The Motel 6/Studio 6 – Lubbock, TX prime location is located 10 miles from the Lubbock Airport, the Silent Wings Museum, and 5 miles away from Texas Tech University. Offered at a 3.1x 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.
Location Description:
Lubbock, Texas goes by the nickname of “Hub City,” as it is known for being the economic, educational, and healthcare hub of the multi-county 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.
Investment Highlights
Click the “Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Broker of Record
