LUBB CK HOTEL PORTFOLIO TWO SELECT-SERVICE HOTELS TOTALING 241 KEYS, LOCATED IN, TX NEAR OFFERING SUMMARY
INVESTMENT SUMMARY Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to offer, on an exclusive basis, the opportunity to acquire the fee-simple interest in the 132-room Hawthorn Suites and the 109-room La Quinta Inns & Suites - North ( Properties or Hotels ), both prominently located less than one mile from the 36,000-student Texas Tech University campus. The Properties are positioned along the two major area highways, providing seamless connectivity to all parts of, including the 200-acre Medical District, Texas Tech University, Texas Tech University Health Sciences Center and Preston Smith International Airport. The Hotels are being offered unencumbered of the current management agreements, providing complete operational flexibility to a new owner. INVESTMENT HIGHLIGHTS Recently Built Hotels Built in 2008 (Hawthorn Suites) and 2006 (La Quinta Inns & Suites), the Properties are among the newest hotels in the market and their respective competitive sets. Stable Cash Flows With Upside The Hotels have consistently performed at a high-level from a top line standpoint. A new owner will be able to implement their own cost structure, potentially increasing flow-through to the bottom line. 2 Growing Market Recently ranked as the fourth best city in the country to find a job by Forbes, the market is experiencing rapid growth, adding more than 60,000 residents since 2000 (a 24% increase). Unencumbered of Management Currently managed by Pearl Hospitality, the Properties are being offered free and clear of their existing agreements, providing complete operational flexibility and potential upside for a new owner/operator. Strong Locations Near Key Amenities Texas Tech University Located less than one mile from both Properties, the 36,550-student Texas Tech University has increased enrollment by 31% in less than 10 years. Jones AT&T Stadium Located on Texas Tech s campus, the 60,000- seat stadium is home to the Texas Tech Red Raiders football team and is a major attraction during each Fall season. Medical District Adjacent to the Hawthorn Suites and approximately 3.5 miles from the La Quinta, the 200-acre Medical District is home to the Covenant Health System, the largest health care institution in the region. PROPERTY OVERVIEWS Address: Hawthorn Suites 4435 Marsha Sharp Freeway, TX 79407 Guestrooms: 132 109 La Quinta Inns & Suites 5006 Auburn Street, TX 79416 Site Area: +/- 1.99 acres (fee simple) +/- 2.86 acres (fee simple) Year Opened: 2008 2006 Function Space: +/- 1,976 SF across 4 meeting rooms Amenities: Business center Complimentary breakfast Fitness center Indoor pool/whirlpool Sundry shop Bar/lounge HAWTHORN SUITES +/- 2,250 SF across 5 meeting rooms Business center Complimentary breakfast Fitness center Indoor pool/whirlpool Sundry shop Laundry facility
LO C AT I O N A E R I A L - H AW T H O R N S U I T E S JONES AT&T STADIUM 60,000 seats RAWLS GOLF COURSE HEALTH SCIENCES CENTER CITY BANK COLISEUM 6,900 seats UNITED SUPERMARKETS ARENA 15,000 seats Enrollment: 36,550 MEDICAL DISTRICT COVENANT MEDICAL CENTER COVENANT CHILDREN'S HOSPITAL h 19t CHRISTIAN UNIVERSITY Enrollment: 2,000 MAXEY PARK Marsha Sharp Fwy t ee Str Qua ker Ave nu e GRACE HEALTH SYSTEM
LO C AT I O N A E R I A L - L A Q U I N TA I N N & S U I T E S PRESTON SMITH INTERNATIONAL AIRPORT 74,000 Flight Operations in 2016 CITY BANK COLISEUM 6,900 seats JONES AT&T STADIUM 60,000 seats RAWLS GOLF COURSE HEALTH SCIENCES CENTER UNITED SUPERMARKETS ARENA 15,000 seats Enrollment: 36,550 WAYLAND BAPTIST UNIVERSITY HEART HOSPITAL 4t Te xa s h t Lo o p2 Es kr ine St re et 89 CHRISTIAN UNIVERSITY Enrollment: 2,000 St re e
LOCATION MAP 114 Westlake Golf Course MILWAUKEE AVE. NORTHRIDGE FRANKFORD AVE. NORTH BY NORTHWEST Christian University ERSKINE ST. 4TH ST. CLOVIS RD. CORONADO AREA 19TH ST. MARSHA SHARP FREEWAY QUAKER AVE. Maxey Park Landmark State Park Rawls Golf Course TEXAS TECH PKWY. 34TH ST. Hillcrest Golf Course INDIANA AVE. ARNETT BENSON Texas Tech University Yellow House Canyon Park 114 UNIVERSITY AVE. JACKSON-MAHON NORTH OVERTON BROADWAY HEART OF SLATON-BEAN Country Club 27 34TH ST. 87 Preston Smith International Airport SKYVIEW CLAYTONCARTER MacKenzie Park 27 87 CHATMANS HILL PARKWAY & CHERRY POINT MARTIN LUTHER KING BLVD. City Park 114 Canyon Lake Number 6 WINDMILL DUNBAR-MANHATTAN HEIGHTS IDALOU RD. CHAPEL HILL WESTER 42ND ST. 50TH ST. MEMPHIS AVE. WHEELOCK & MONTEREY Clapp Park HARWELL 50TH ST. SOUTHEAST DR. 327 REMINGTON PARK SLIDE RD. Dupree Park Leroy Elmore Leftwich Park 66TH ST. BAYLESS ATKINS AVENUE U 27 SLATON RD. 331 KINGS PARK WATERS SOUTHGATE
A D D I T I O N A L I N F O R M AT I O N HAWTHORN SUITES LA QUINTA CONTAC T INFORMATION JOHN E. BOURRET, JR. Managing Director jbourret@hfflp.com 469.232.19 2323 Victory Ave. Ste 1200 AUSTIN BROOKS Associate Director abrooks@hfflp.com 469.232.1937 Dallas, TX 75219 For questions regarding debt structures on this property, please contact: PETE FEHLMAN Director pfehlman@hfflp.com 469.232.1920 Tel: 214.265.0880 Fax: 214.265.9564 hfflp.com HFF has been engaged by the owner of the Property to market it for sale. Information concerning the Property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. 2017 Holliday Fenoglio Fowler, L.P. ( HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit hfflp.com or follow HFF on Twitter @HFF.