A year after the Villa Town Motel at 5401 Ave. Q was shut down by a district court, the property is being renovated by new owners.
Banyan Strategies LLC, a Lewisville, Texas-based commercial real estate investment and development team, bought the property for about $540,000 in February, according to Lubbock County records.
A co-owner of Banyan, a behind-the-scenes guy who asked to not be named, said renovating dilapidated hotel and motel properties is a priority of his business. The company plans to put $1.5 million into the property and re-brand it under the Clarion Hotel flag within a roughly six-month timeline.
Inside, the work is just beginning. Outdated air conditioning units and TVs have been pulled out of the 115 rooms. On Thursday afternoon, the co-owner was working to open a door with a long-missing key. He said once the motel is cleaned out, the real work will begin. He said people will start to see a difference within a few months.
The new owner is well aware of the Villa Town Motel’s history and reputation. He said he hopes to turn the property into a hotel the city can be proud of, with a live music venue that offers a country “boot scootin’” scene and areas for families to enjoy a relaxing atmosphere. The owner said the high crime that previously happened at the motel will not be tolerated.
The Villa Town Motel closed in April 2017 after the district attorney’s office filed a nuisance and abatement petition against the former owners for allowing criminal activity to take place habitually at the motel, according to A-J Archives.
The Banyan co-owner said he is also interested in purchasing the nearby Koko Inn and Clarion Grand Park Hotel & Conference Center, which will go up for auction next week following the owner filing for bankruptcy in February.