Ashmore Inn & Suites Lubbock
$6,300,000
4019 South Loop 289, Lubbock, TX 79423
10.07
Cap Rate
634,596
NOI
Details:
Highlights:
- 124 rooms over 2 floors
- West End Center - 2 min drive
- Ballet Lubbock - 7 min walk
- South Plains Mall - 1 min drive
- Texas Tech University - 4 min drive
- Jones AT&T Stadium - 6 min drive
- Buddy Holly Center - 9 min drive
- Lubbock Preston Smith Int'l Airport - 31 min / 17.1 miles
Description:
Ashmore Inn & Suites presents a compelling acquisition opportunity in the stable, growing Lubbock, TX market. Strategically positioned near Interstate 27 and South Loop 289, the property benefits from steady demand generators including Texas Tech University, downtown Lubbock's business and government corridor, and the South Plains Mall retail hub. Proximity to Lubbock Preston Smith International Airport further supports consistent transient and corporate travel. Lubbock's diversified economy, anchored by healthcare, education, and agribusiness, provides resilient year-round demand with added upside from university-driven seasonal peaks. The asset offers strong potential for value-add repositioning, brand conversion, or continued operation under its current model, appealing to owner-operators seeking hands-on upside or investors targeting a stable secondary-market hold. With favorable access, visibility, and surrounding commercial density, Ashmore Inn & Suites is well-positioned for sustained occupancy and long-term asset appreciation.
Location Description
Ashmore Inn & Suites puts you within easy reach of everything Lubbock has to offer. Conveniently situated near Interstate 27 and South Loop 289, the hotel offers quick access to major routes throughout the city, making it a smart home base for both business and leisure travelers. Texas Tech University and its lively surrounding district are just a short drive away, perfect for game days, campus visits, or exploring local shops and restaurants. Downtown Lubbock, with its museums, historic sites, and dining scene, is easily reachable in minutes. Shopping enthusiasts will appreciate the proximity to South Plains Mall and numerous retail centers along the loop. Lubbock Preston Smith International Airport is also nearby, simplifying arrivals and departures. Whether you're in town for business, a university event, or exploring West Texas culture, Ashmore Inn & Suites offers a central, accessible location for your stay.
Documents:
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Ashmore_Inn___Suites_Flyer.pdf
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Location
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