HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee simple interest in the 103-room Courtyard Lubbock Downtown/University (“Hotel” or “Property”), situated at 308 Avenue V, Lubbock, TX 79415.

The Courtyard Lubbock Downtown/University presents a compelling opportunity with robust operational performance in a dynamic market. With an NOI flowthrough of 35.8%, the Hotel offers stable cash flow potential. With a recent change of ownership Property Improvement Plan (PIP) completed in 2022, potential new owners can anticipate minimal additional capital expenditures, enhancing this investment opportunity.

The Courtyard Lubbock Downtown/University benefits significantly from its strategic location near Texas Tech University, a mere walking distance from Jones AT&T Stadium. This prime location positions the Hotel as a preferred choice for visitors attending Texas Tech Red Raiders football games and other university events throughout the year. The university’s robust presence, with over 40,000 students annually, ensures consistent demand, making the Hotel a reliable asset in Lubbock’s hospitality market.

Lubbock, known as the “Hub City” of West Texas, offers a thriving economic landscape supported by diverse sectors including manufacturing, agriculture, education, healthcare, and technology. With a population of about 267,000, Lubbock serves as a pivotal economic hub in the Southern Plains region. The city’s strategic location with excellent transportation links via Interstate 27, U.S. Highway 82, U.S. Highway 84, and U.S. Highway 87 facilitates business growth and distribution. With accolades such as being named among the best cities for work-life balance and business climate, Lubbock continues to attract a skilled workforce drawn from its educational institutions, reinforcing its status as an emerging center for innovation and economic development in West Texas.