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MCM Eleganté Hotel & Suites 801 Avenue Q 295 Room Hotel Lubbock, TX 79401 For Sale
Investment Highlights
- The hotel is sold unencumbered by brand and management. Conversion opportunities include IHG, Marriott, Wyndham, Sonesta, and Best Western.
- The hotel is located in the heart of downtown Lubbock and is in proximity to the area’s top demand generators, including Texas Tech University.
- Seller financing with 33.33% down payment of acquisition cost and a 6.00% interest rate is included in this offering.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the MCM Eleganté Hotel & Suites in Lubbock, Texas. The property is located just south of US-82, within walking distance of the Buddy Holly Performing Arts and Sciences, and several restaurant and recreation area. This prime location allows the hotel to receive business from a diverse population of both transient and leisure segments.
Property Facts
| Sale Type | Investment | No. Stories | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1982/2007 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.63/1,000 SF |
| Lot Size | 5.23 AC | Corridor | Interior |
| Building Size | 378,150 SF | Opportunity Zone |
Yes
|
| No. Rooms | 295 | ||
| Zoning | C - Commercial | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.23 AC |
| Building Size | 378,150 SF |
| No. Rooms | 295 |
| No. Stories | 6 |
| Year Built/Renovated | 1982/2007 |
| Tenancy | Single |
| Parking Ratio | 0.63/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 72 | $215.58 CAD | - |
| Guest Room | 223 | $180.10 CAD | - |
Property Taxes
| Parcel Number | R56242 | Improvements Assessment | $6,276,710 CAD |
| Land Assessment | $2,430,156 CAD | Total Assessment | $8,706,866 CAD |
Property Taxes
Parcel Number
R56242
Land Assessment
$2,430,156 CAD
Improvements Assessment
$6,276,710 CAD
Total Assessment
$8,706,866 CAD
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MCM Eleganté Hotel & Suites | 801 Avenue Q
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