Lubbock Regency Inn - Former Red Roof Inn
162-room, 3 story interior corridor Red Roof Inn located in Lubbock, TX.
Marketing description
162-room, 3 story interior corridor hotel located in Lubbock, TX.
The hotel was built in 1979 and is in excellent condition. The Seller recently terminated the franchise agreement with Red Roof, planning to convert to dual brands with Wyndham, though you would be able to reflag or convert. Rooms have been updated with LVT flooring, and both bathrooms and FF&E meet brand standards. Revenue in 2023 was $1,173,082.99 without a full-time Owner on-site.
The hotel features an indoor pool and there is flexibility to bring a new flag to the hotel.
The hotel has direct access to Interstate 27. Lubbock, Texas, with a growing population of 255,000 and 10% city growth rate (2020-2022), boasts strong hotel demand generators, primarily Texas Tech University, drawing students, faculty, and visitors. Additionally, Covenant Medical Center and University General Hospital drive occupancy with patients and medical professionals. Major events at the United Supermarkets Arena and Lubbock Memorial Civic Center also significantly impact hotel demand.
Full details available after signing a Confidentiality Agreement.
Investment highlights
- 162 Units
- 3 Story, Interior Corridor Hotel
- Priced to Sell Asking $25,926 per Key
- Revenue in 2023: $1,173,083
- Revenue in 2024: $1,016,814
- Fantastic Location in Lubbock, a Major Hub in Northwest Texas, nearby to Texas Tech University and the Lubbock Preston H. Smith International Airport
- Leased Restaurant Provides Lease Income of $2,500 per Month
- Direct Access to Interstate 27
- Conversion Opportunity with Flexibility to Change the Flag, Room Sizes at 300 sq ft (+/-)
- Opportunity for Dual Brand Conversion to Super 8 & Baymont by Wyndham; Potential Key Money may also be Available
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