Hampton Inn Lubbock-Converting to Spark by Hilton
$6,400,000
4003 S Loop 289, Lubbock, TX 79423
37,368 sqft
Building Size
1.4332 acres
Lot Area
Details:
Highlights:
- 80 Rooms over 3 floors
- Spark Hotel conversion already in process
- $200K Tech package upgrade complete
- Science Spectrum - 1.50 miles
- South Plains Mall - 2 miles
- United Spirit Arena - 4.50 miles
- Texas Tech University - 6 miles
- Depot District - 7 miles
- West Texas Walk of Fame - 7 miles
Description:
This exceptional hotel property is proud to be part of the esteemed Hilton Hotel family, offering the added advantage of Hilton Brand support. It has recently been approved by Hilton for conversion to Spark by Hilton and has already completed a $200K Tech package upgrade. Remaining PIP is estimated to be ~$1mm. The hotel can operate as a Hampton until the conversion is complete. The new owner will be responsible for the conversion to the Spark flag. With a 37,368 SF building featuring 80 well-appointed units, the property represents an enticing prospect for Limited Service investors. Contact Broker for details on timing and other conversion information.
Positioned with HDR zoning in the desirable Lubbock area, this investment presents promising returns and strategic growth opportunities. Seize the opportunity to leverage the property's established presence and impressive capacity to cater to the needs of the thriving hospitality market, backed by the renowned Hilton brand.
Discover the vibrant city of Lubbock, TX. Situated in the bustling South Loop 289 district, this area offers prime investment potential for Hospitality and Full Service investors. Guests can explore local attractions such as Texas Tech University, the Buddy Holly Center, and the National Ranching Heritage Center. Nearby amenities include a range of dining options, shopping centers, and entertainment venues. Additionally, Mackenzie Park and the iconic West Texas Walk of Fame are both within nine minutes of the hotel.
The property benefits from convenient access to major highways, including US Route 84 and US Route 62. These routes provide seamless connectivity to the rest of Lubbock and beyond. Notable demand generators in the vicinity include the Texas Tech University campus, the Lubbock Preston Smith International Airport, and the South Plains Mall. With a growing economy and a strong tourism industry, the location presents an exciting opportunity for investors seeking to capitalize on the thriving hospitality market in Lubbock, TX.
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