4019 S Loop 289
- 124 rooms over 2 floors
- West End Center - 2 min drive
- Ballet Lubbock - 7 min walk
- South Plains Mall - 1 min drive
- Texas Tech University - 4 min drive
- Jones AT&T Stadium - 6 min drive
- Buddy Holly Center - 9 min drive
- Lubbock Preston Smith Int'l Airport - 31 min / 17.1 miles
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $6,300,000 |
| No. of Units: | 124 |
| Average Occupancy: | 10.07 |
| Year Built: | 1995 |
| Lot Size: | 4.31 Acres |
| Opportunity Zone: | No |
| Price per unit: | $50,806 |
| Property Website | Click Here |
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