Red Roof Inn & Conference Center


Price:
  $4,850,000   
$4,600,000

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).
    View Map    View Aerial
  •  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
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.




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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!