Ashmore Inn & Suites 4019 S Loop 289 124 Room Hotel Lubbock, TX 79423 $8,741,061 CAD ($70,492 CAD/Room) 10% Cap Rate

PLEASE VISIT THE FULL LISTING PAGE ON OUR WEBSITE FOR MORE INFORMATION: www.tabanirealty.com/listings
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.