Red Roof Inn & Conference Center


Price:
$4,850,000

Address :
6624 I-27
Lubbock, TX 79404


  •  Inflated payroll expenses may be reduced for increased profitability.
  •  Set up Marketplace behind front desk will easily generate extra $1,200/month
  •  Opportunity to reduce utility costs
  •  Current GM manages 2 additional hotels so attention is not focused solely on this property
  •  Hands on owner/operator will drastically increase bottom line
  •  Add sales person on staff to increase topline revenue
  •  Lubbock, Texas is the economic, retail, medical & educational hub in West Texas for over 500,000 people.
  •  The hotel is being offered subject to the existing franchise. Red Roof Inn is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
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  •  Lubbock, Texas is the economic, education, retail, and medical trade center of a 26-county trade area that is home to over 500,000 people.
  •  Interstate 27 is an intrastate highway connecting Lubbock and Amarillo. Current planning will incorporate it into the Ports-to Plains Corridor, stretching from Denver, Colorado through Lubbock to the Mexican border.
  •  Lubbock, Texas is approximately midway between two transcontinental interstates – I-20 and I- 40.
  •  Only 8 Miles to Lubbock Preston Smith International Airport
  •  Close to Regional Demand Generators, Including...
    •  3 Miles to Buddy Holly Museum
    •  4 Miles to South Plains Mall
    •  4 Miles to Panhandle South Plains Fairgrounds
    •  5 Miles to Texas Tech University
    •  6 Miles to United Supermarkets Arena
    •  7 Miles to United Supermarket’s Headquarters
    •  7 Miles to Jones AT&T Jones Stadium
  •  162 Rooms
  •  Breakfast Area (Seats 40)
  •  Meeting Space (6,000 Square Feet)
  •  Business Center
  •  Guest Laundry
  •  Fitness Center
  •  Indoor, Heated Pool with Whirlpool & Sauna
  •  Wireless Internet
  •  3 Stories
  •  Interior Corridors
  •  Concrete & Block Structure
  •  Stucco Facade
  •  Flat, Built-Up Roof with Standing Seam Metal Mansard
  •  Asphalt Parking Lot
Financials
2015
2016
2017
T-12Mos 6/18
Occupancy
41.31%
48.18%
48.12%
46.77%
Average Daily Rate
$53.43
$57.99
$55.13
$54.38
Room Revenue
$1,305,132
$1,651,990
$1,572,838
$1,503,895
Net Operating Income
$519,097
$623,474
$484,359
N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!