Ashmore Inn & Suites

4019 S Loop 289 Lubbock, TX 79423

Lubbock
FOR SALE
Property Type:
Motel
Amount:
$6,300,000
Last Verified:
Sep 03, 2026

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Highlights

  • 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

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.

Ashmore Inn & Suites puts you within easy reach of everything Lubbock has to offer. Conveniently situated near Interstate 27 and South Loop 289, the hotel offers quick access to major routes throughout the city, making it a smart home base for both business and leisure travelers. Texas Tech University and its lively surrounding district are just a short drive away, perfect for game days, campus visits, or exploring local shops and restaurants. Downtown Lubbock, with its museums, historic sites, and dining scene, is easily reachable in minutes. Shopping enthusiasts will appreciate the proximity to South Plains Mall and numerous retail centers along the loop. Lubbock Preston Smith International Airport is also nearby, simplifying arrivals and departures. Whether you're in town for business, a university event, or exploring West Texas culture, Ashmore Inn & Suites offers a central, accessible location for your stay.


Year Built: 1995
Building Size: 74695sq ft
Lot Size: 4.31 acres


Documents

Ashmore Inn & Suites Brochure

Map of 4019 S Loop 289, Lubbock, TX, 79423

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.