WHI Announces Sale of the Holiday Inn Lubbock-Hotel & Towers
Warmbrodt Hotel Investments announced today they closed the sale of the Holiday Inn Lubbock-Hotel & Towers. The interior corridor property has 295 rooms which includes 72 suites. There are 6 stories and 2 towers totaling 212,701 square feet. The purchaser is converting the hotel to the MCM Elegante Hotel And Suites – Lubbock.
“This off-market transaction allowed our East Coast based, institutional owner to achieve their goals within their portfolio with our broad base of hotel owners. The Texas based purchaser immediately realized the value of this property and market,” commented Herb Warmbrodt President of WHI.
The hotel is located in downtown Lubbock, adjacent to the Convention Center and approximately 6 blocks from Texas Tech University, and a short drive from Texas Tech University Medical Center, Southwest Regional Medical Complex and the Lubbock International Airport. Additionally, The Historic Depot Entertainment District and the Broadway Strip are within 4 blocks of the property.