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La Quinta Inn & Suites by Wyndham Lubbock West Medical Center – Image Credit HVS
The La Quinta Inn & Suites by Wyndham Lubbock West Medical Center, a 128-key, limited-service hotel asset in Lubbock, Texas, is on the market for acquisition. The property has seen consistent revenue growth and is located near Texas Tech University and the Lubbock Medical District.
HVS Brokerage & Advisory has announced the sale of the 128-key La Quinta Inn & Suites by Wyndham Lubbock West Medical Center. The hotel offers a compelling investment opportunity, having undergone recent renovations and shown consistent revenue growth since 2022. Additionally, there is potential for further revenue growth should an experienced owner/operator take the helm.
Financial Performance
The hotel has demonstrated solid financial performance, with room revenue averaging over $2,300,000 since 2022. In the first quarter of 2025, room revenue increased by 18.97% compared with the previous year.
Location and Local Economy
The La Quinta Inn & Suites benefits from an excellent location in Lubbock, Texas, with high visibility and accessibility. It is close to Covenant Health, the largest healthcare institution in West Texas and eastern New Mexico, and Texas Tech University. The local economy is expanding, with significant capital investments in manufacturing and other sectors.
Renovations and Financing
The current owners have invested in upgrades over the past two years. The seller also offers a short-term loan financing option, with a 12.0% down payment from a qualified buyer at an interest rate of 7.5%.
Underperformance and Room for Improvement
Despite strong financial performance, the hotel has been underperforming in average daily rate (ADR) and RevPAR, ranking fourth out of five competitive hotels. However, this presents a potential upside, as capturing its fair share of market demand could generate nearly $3.0 million in room revenue.
Inquire at HVS.
