Hunter Advisors has been exclusively engaged to market the fee-simple interest in the 113-key Hilton Garden Inn Lubbock and the 74-key Homewood Suites Lubbock (collectively, the “Hotels” or “Portfolio”), a complementary two-asset offering located in Lubbock, one of Texas' fastest-growing and most dynamic university markets. The Hotels are being offered as a portfolio but can be sold separately. Strategically positioned within minutes to one another and just under five miles from Texas Tech University, one of the largest universities in Texas with more than 42,000 students and a major anchor of the city’s economy.
The Portfolio provides a unique opportunity to acquire institutionally owned and third-party operated assets allowing new ownership the ability to increase operational economies of scale, as only the sales department is currently complexed. The combination of two premium brand brands capturing different customer segments, positions the Portfolio to deliver stable cash flow with meaningful upside potential under new ownership, supported by a submarket that continues to see healthy demand fundamentals and employment growth.
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Portfolio Sale: the Hotels are being marketed as a portfolio with the ability to be sold individually unencumbered by existing management or debt.
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Currently institutionally owned and managed, the Hotels present a new owner the opportunity to implement a more localized operating approach to improve cash flow
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Economies of scale: Located proximate to each other, owning two hotels in the same brand family offer operational synergies and additional cost savings for a new owner as only the sales department is currently complexed
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High Growth Market with Limited New Supply: Lubbock’s economy is experiencing substantial expansion across education, healthcare, and manufacturing. Texas Tech alone has invested nearly $479 million in campus projects, while major manufacturing investments include Leprino Foods’ $1 billion facility and X-FAB’s $200 million expansion. With limited new hotel supply, the Property is well-positioned to benefit from rising demand.
