For Sale

Hampton Inn Lubbock-Converting to Spark by Hilton

4003 S Loop 289,
Lubbock, TX 79423

Asset Snapshot

Hospitality
Hospitality Subtype
1996
Year Built
2016
Year Renovated
1
Building Count
1.43 Acres
Land Area
$109
Average Daily Rate
$67
Revenue Per Room

Offering Summary

Investment Overview

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.


Investment 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

How it Works

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Listing Syndicated From

Buildout
Accepting Offers
$6,400,000
Asking Price

Investment Sales Broker

Salman (Sam) Tabani
Tabani Realty

Market Insights