* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 1, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    i3D Robotics Unveils Breakthrough Glass Defect Detection Technology – USGlass Magazine

    Revolutionary Glass Defect Detection Technology Unveiled by i3D Robotics!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    i3D Robotics Unveils Breakthrough Glass Defect Detection Technology – USGlass Magazine

    Revolutionary Glass Defect Detection Technology Unveiled by i3D Robotics!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Holiday Inn Express & Suites Lubbock Central

August 8, 2023
in News
Holiday Inn Express & Suites Lubbock Central
Share on FacebookShare on Twitter

Holiday Inn Express & Suites Houston East Baytown - Aerial view
  Holiday Inn Express & Suites Lubbock Central – University Area Hotel in Lubbock, TX for Sale

HVS;

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 107-key Holiday Inn Express & Suites Lubbock Central University Area, a limited-service hotel asset in Lubbock, Texas. 

This opportunity presents an investor with an excellent opportunity to acquire a strong-performing hotel asset in a city that is anchored by a major university. The property is located less than a mile from Texas Tech University (TTU), which comprises eleven colleges and has a student population over 40,000. By 2025, the University anticipates that enrollment will surpass 45,000 students.

Operational Upside Potential for a Robust Operator

Great upside exists for a more “hands-on” operator to restructure the hotel’s operations to maximize RevPAR penetration and NOI flow-through.

Based on a selection of similar vintage Holiday Inn Express & Suites operating statements, the hotel should achieve a stabilized GOP margin between 44.0% and 50.0%. We see multiple opportunities for improvement that could lead to a collective decrease in rooms expense, specifically in the payroll department.

Per the June 2023 STR Trend Report, the hotel ranked third out of five competitors in terms of RevPAR, registering a 93.3% RevPAR index. A more prudent and “hands-on” operator should be able to recapture demand from corporate travelers and transition the hotel into becoming the market leader.

Robust Historical Performance and Market Rebound

Not including the hotel’s 2020 performance, rooms revenue has averaged approximately $2,960,000 (rounded) since 2019.

Rooms revenue for the TTM period ending in July 2023 equated to $3,110,000 (rounded)—the highest performance since 2019.

Rooms revenue for the YTD June 2023 period increased by 16.6%, compared to the same period last year.

Per the June 2023 STR Report, YTD demand for the competitive set has increased 8.3%, compared to the same period last year.

Well-Maintained, High-Quality Physical Product with Minimal PIP Expected

The hotel opened in 2018, and ownership has maintained the physical asset well; thus, a minimal change-of-ownership PIP is expected.

To construct a similar asset with comparable amenities in a high-barriers-to-entry location, the estimated all-in investment would be a minimum of $150,000 per key.

Holiday Inn Express & Suites Franchise

Upon approval from the franchisor and completion of the brand-mandated change-of-ownership PIP, an investor can expect a new, long-term license agreement with InterContinental Hotels Group (IHG). This presents a new owner with the opportunity to operate a hotel with one of IHG’s most prominent limited-service products. The brand’s success is largely attributed to IHG’s award-winning advertising campaigns and consumer awareness.

The award-winning IHG® Rewards Club loyalty program is one of the largest in the hotel industry, offering members more choices to redeem their points than any other hotel loyalty program in the world. Serving over 100 million enrolled members worldwide, IHG Rewards Club is an effective tool for driving customers to IHG hotels and creating brand loyalty.

Excellent Location by Texas Tech University

The property benefits from excellent visibility and accessibility off the frontage road along Marsha Sharp Freeway/U.S. Highway 82, proximity to numerous dining, retail, and entertainment options is a positive attribute for both business and transient guests year-round.

The Lubbock economy is anchored by TTU, which occupies nearly 1,900 acres and has an annual operating budget nearing $2 billion annually.

TTU recently announced a $200-million investment to upgrade and expand the 60,000-seat Jones AT&T Football Stadium, home to the school’s Red Raiders. The football team has a strong 2023 schedule, with six home games, four of which are Big 12 matchups and are expected to draw large crowds.

Expanding Local Economy

The city of Lubbock was experiencing a period of strong economic growth prior to the onset of COVID-19, led by the healthcare and education sectors, as well as the manufacturing, technology, and agriculture industries. While the pandemic slowed this growth, the economy has showed strong signs of recovery and has recently returned to a state of expansion.

In May 2023, X-FAB Texas, a global leader in the manufacturing of semiconductor solutions, announced a $200-million expansion of its manufacturing plant in Lubbock. Once completed, the project will create an additional 250 jobs.

In 2021, the Lubbock Economic Development Alliance (LEDA) announced a major investment from Leprino Foods (a major dairy/cheese manufacturer). Leprino Foods will invest $870 million to build a state-of-the-art manufacturing plant located on 258 acres in East Lubbock. The company will break ground on the 850,000-square-foot manufacturing facility in the summer of 2022. Once the facility becomes fully operational in the spring of 2025, this investment will result in $10.6 billion over the next ten years. Leprino Foods will hire 600 full-time positions to staff the facility. This represents one of the largest, single, private capital investments in the region, and the twelfth-largest private capital investment project in Texas since the establishment of the Texas Enterprise Fund in 2003.

Management Availability

The hotel asset is being offered free and clear of any management encumbrances, providing an investor with the flexibility to revamp the operational strategies of the current operator.

For inquiries please visit here to execute the Confidentiality Agreement.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : HotelNewsResource – https://www.hotelnewsresource.com/article127585.html

Tags: HolidayLubbocknews
Previous Post

HVS Asia Pacific Hospitality Newsletter

Next Post

Hotel Construction Pipeline in Canada is Up; Toronto and Vancouver with Impressive Pipelines at Q2 2023

Upgrades coming to ecological park in Sunbury – WNEP

Upgrades coming to ecological park in Sunbury – WNEP

June 1, 2025
This will ‘devastate scientific research’: 16 states sue the Trump administration over National Science Foundation directive – CNN

This will ‘devastate scientific research’: 16 states sue the Trump administration over National Science Foundation directive – CNN

June 1, 2025
Trump’s new ‘gold standard’ rule will destroy American science as we know it | Colette Delawalla – The Guardian

Trump’s Controversial ‘Gold Standard’ Rule: A Threat to the Future of American Science

June 1, 2025
The month of pride – financialexpress.com

Celebrating Pride: A Month of Love, Acceptance, and Empowerment

June 1, 2025
Elon Musk: Five ways world’s richest man changed the White House – BBC

Elon Musk’s Impact: Five Transformative Ways the World’s Richest Man Influenced the White House

June 1, 2025
Last Week at Economy Class and Beyond (31st May) – Economy Class & Beyond –

Last Week at Economy Class and Beyond (31st May) – Economy Class & Beyond –

June 1, 2025
Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

June 1, 2025
Governor Newsom proclaims Mental Health Awareness Month – Governor of California (.gov)

Governor Newsom Declares May as Mental Health Awareness Month!

June 1, 2025
Sanders says Harris fell short with working class. He has a plan to fix that. – The Washington Post

Sanders says Harris fell short with working class. He has a plan to fix that. – The Washington Post

June 1, 2025
Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

June 1, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (655)
  • Economy (670)
  • Entertainment (21,576)
  • General (15,254)
  • Health (9,712)
  • Lifestyle (672)
  • News (22,149)
  • People (671)
  • Politics (678)
  • Science (15,891)
  • Sports (21,174)
  • Technology (15,657)
  • World (658)

Recent News

Upgrades coming to ecological park in Sunbury – WNEP

Upgrades coming to ecological park in Sunbury – WNEP

June 1, 2025
This will ‘devastate scientific research’: 16 states sue the Trump administration over National Science Foundation directive – CNN

This will ‘devastate scientific research’: 16 states sue the Trump administration over National Science Foundation directive – CNN

June 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version