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Investment Highlights

  • 138 keys under the Baymont by Wyndham flag; midscale class hotel
  • Approximately 11 miles from Lubbock Preston Smith Intl. Airport
  • Potential for redevelopment to student housing, multifamily or mixed-use opportunities
  • Downtown Central Business District location in a federal Opportunity Zone, near the Lubbock Memorial Civic Center, less than one mile from Texas Tech
  • High-traffic Avenue Q frontage (19,550-29,769 VPD)

Executive Summary

Hilco Global is accepting bids until August 18 for this hotel redevelopment opportunity in Lubbock, TX.
The Baymont by Wyndham Lubbock – Downtown Civic Center is a 138-room, two-story midscale hotel located in the central business district of Lubbock, Texas. Originally built in 1976, the property was renovated in 2021 and spans 50,645± SF across two parcels totaling 3.17± AC.
Currently operating under a franchise, the hotel features an on-site pool, business center, complimentary Wi-Fi, outdoor patios and 99 surface parking spaces.
Located within an urban Opportunity Zone, the property presents a compelling offering for investors and operators seeking continued hospitality use, value-add repositioning or adaptive reuse. Its proximity to downtown Lubbock and major demand drivers, including Texas Tech University, supports a range of potential redevelopment scenarios, including student housing, multifamily residential, extended-stay accommodations or a mixed-use project, subject to zoning and municipal approvals.
Lubbock serves as the economic, educational and healthcare hub of West Texas, drawing residents, students, visitors and businesses from across the region. Home to Texas Tech University, with an enrollment exceeding 40,000 students, the city benefits from a consistent influx of students, faculty, visitors and research activity that supports housing, hospitality and commercial demand year-round.
The area offers strong transportation connectivity via major arterial roadways and is served by Lubbock Preston Smith International Airport, providing direct access to several major metropolitan markets. As a large commercial center in the region, Lubbock attracts a broad base of residents, businesses and visitors from across West Texas and eastern New Mexico. Combined with ongoing investment in downtown redevelopment and university-related growth, Lubbock continues to demonstrate long-term economic stability and redevelopment potential.
On-site inspections will be held by appointment only. Subject to approval by U.S. Bankruptcy Court Northern District of Texas (Lubbock) Petition No: 25-50333-bwo11, In re: Sai Bhole-Nath Hotels, Inc.

Property Facts

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.17 AC
Building Size 50,645 SF
No. Rooms 138
No. Stories 2
Year Built/Renovated 1976/2013
Parking Ratio 1.95/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning F1

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 138 $72.24 CAD -
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • R56371
  • R56344
Land Assessment
$1,565,775 CAD
Improvements Assessment
$2,287,859 CAD
Total Assessment
$3,853,634 CAD
  • Listing ID: 41226744

  • Date on Market: 2026-07-09

  • Last Updated:

  • Address: 601 Avenue Q, Lubbock, TX 79401

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