Motel 6


Price:
$3,500,000

Address :
909 66th St
Lubbock, TX 79412


  •  TOURS: Friday, April 5, 2019. Contact Mumford Company to schedule an appointment.
  •  Well Located off I-27 and Loop 289 with excellent visibility
  •  Less than 10 minutes away from Texas Tech University with a student enrollment of nearly 40,000
  •  Strong Topline Room Revenue
  •  Excellent Opportunity for Owner/Operator to Decrease Expenses and Increase Net Operating Income
  •  Property will retain Motel 6 brand affiliation
    View Map    View Aerial
  •  Currently home to over 252,000 people, Lubbock is projected to grow by 7% through 2022.
  •  Known as “Hub City”, Lubbock is the economic, educational and medical center of the South Plains.
  •  Close to Regional Demand Generators:
    •  2 Miles to South Plains College
    •  3 Miles to Lubbock Memorial Arboretum
    •  3.4 Miles to Science Spectrum & OMNI Theater
    •  4.7 Miles to Texas Tech
    •  4.7 Miles to Lubbock Memorial Civic Center
    •  9 Miles to Lubbock Christian University
    •  9 Miles to Silent Wings Museum
    •  10 Miles to Lubbock Preston Smith Airport
  •  138 Rooms
  •  5 Building s, 2 Stories
  •  Exterior Corridors
  •  Wood Frame Construction
  •  Stucco Facade
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot
  •  Guest Laundry
  •  Seasonal Outdoor Pool
  •  Oversized Vehicle Parking
  •  Wireless Internet
  •  3 Acres
  •  Built 1979
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




Please check this box if you would like to subscribe to our weekly newsletter.

Financials
2016
2017
2018
T-12Mos 1/19
Occupancy
69.23%
63.47%
63.84%
63.97%
Average Daily Rate
$46.79
$45.02
$45.72
$45.69
Room Revenue
$1,635,983
$1,439,401
$1,469,996
$1,472,330
Net Operating Income
$578,173
$382,749
$346,194
$338,550
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!