Motel 6 & Studio 6 Lubbock

Highlights:

• Dual Branded Hotel with 171 Units - 122 Motel 6 and 49 Studio 6
• Priced to sell at $28,947 per key
• 2023 Room Revenue: $1,496,141
• Studio 6 opened Jan 2024 with rooms continuing to be added to inventory
• Offered at a 3.3x Multiplier of the 2023 Room Revenue
• 10th largest city in Texas with Population of 266,873

Description:

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 & Studio 6 in Lubbock, Texas. This property, featuring 171 units—Motel 6: 122 and Studio 6: 49—is located at the interchange of I-27, SE Loop 29, and Hwy 84. It's prime location is located 10 miles from the Lubbock Airport, the Silent Wings Museum, and 5 miles away from Texas Tech University-the sixth largest university in the state. Offered at a 3.6x multiplier of the 2023 room revenue, there is great upside for a new owner as the Studio 6 is poised to provide a new stream of revenue.

Broker of Record: Bharat Patel | NewGen Advisory TX, LLC | License No.: 9006243

Lubbock, Texas goes by the nickname of "Hub City," as it is known for being the economic, educational, and health-care hub of the multicounty region. Lubbock, the 10th largest city in Texas, has a population of 266,873, further enhancing the appeal of this investment. This city is home to rich culture and art. In Lubbock you'll be greeted with a hospitable atmosphere, great dining options, and delightful musical acts. Additionally, Lubbock hosts a variety of festivals and events throughout the year, celebrating its vibrant community and diverse heritage.