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La Quinta Inn & Suites Lubbock West Medical Centre
CBRE Accommodations solicits affords to amass the fee-simple curiosity within the La Quinta Inn & Suites by Wyndham Lubbock – Medical Heart. The property is situated off Freeway 82, nestled amongst Texas Tech College, South Plains Mall, and United Supermarkets Area, Lubbock Christian College, UMC Well being System, and a number of other eating places and recreation space. Due to this location, the La Quinta receives enterprise from a various inhabitants of each company and leisure clientele.
Funding Highlights
- La Quinta Inn & Suites – Alternative to amass a 128-room, five-story, inside hall, La Quinta Inn & Suites that’s situated straight off Freeway 82, offering handy entry for enterprise vacationers, college students, vacationers, and people relocating to the Lubbock, Texas space.
- Minimal PIP – The resort is in wonderful situation, requiring minimal capital enhancements for a brand new possession.
- Sturdy In-Place Money Circulation – In 2023, the La Quinta posted a web working earnings (“NOI”) of roughly $1.1 million. The resort’s sturdy money circulate and potential for elevated market share make it a gorgeous alternative for a brand new operator.
- Numerous Demand Base – The resort is in proximity to the world’s prime demand mills, together with Texas Tech College, South Plains Mall, United Supermarkets Area, UMC Well being System, and the Buddy Holly Heart. Due to its prime location, the resort receives enterprise from a various inhabitants of each company and leisure clientele.
- Sturdy School Market – Dwelling to Texas Tech College, Texas Tech College Well being Sciences Heart, Lubbock Christian College and a fast-growing group school, Lubbock County boasts greater than 50,000 school college students. Lubbock is the one metropolis within the nation with a complete college, a well being sciences middle, an agriculture school and a legislation faculty in a single location, making Texas Tech College the second largest contiguous college campus in the USA.
- $1 Billion Cheese Plant Underway – Leprino Meals, one of many largest producers of mozzarella on the earth, broke floor on $1 billion cheese plant in East Lubbock in June 2022. The corporate executives say the plant will generate $10.6 billion within the space over the following 10 years. Moreover, the 850,000 SF facility is projected to herald 300 building jobs and greater than 600 workers when it’s operational.
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