8701 Interstate 40, Amarillo, TX 79118
59 Room Hotel | Amarillo, TX 79118 | $4,500,000 ($76,271/Room) | 8.88% Cap Rate
For Sale
Active
Asking Price $4,500,000
- Property Type
-
Hospitality
- Square Feet
- 23,127 SF
Listing Contacts
Jigar Desai
Devo Ragha
Property Overview
Jigar "Jay" Desai and Devesh "Devo" Ragha is pleased to announce the sale of the Super 8 by Wyndham Hotels in Amarillo, Texas. Great opportunity for a first time buyer and a great addition to any portfolio. This 60 unit interior corridor property, fully renovated in 2022, is located just minutes from Rick Husband International Airport (AMA) and Amazon Distribution Center of off Interstate 40 and Loop 335.
Amarillo, Texas home of many landmarks such as the Palo Duro Canyon State Park, Cadillac Ranch, Star light Ranch Concert venue, come support our Minor League baseball team the Amarillo Sod Poodles, or try the challenge at the World famous Big Texan Steakhouse. Bucee's is also coming soon on the next exit of the hotel in fall of 2024. This thriving market has always done well over the years, with it's conventions, sporting tournaments, and transient travelers. With a population of just over 200,000 people, it is the perfect city for travelers to stay traveling from, Denver, Albuquerque, Dallas, and Oklahoma City. Great local restaurants and shopping, and breathe taking panhandle sunsets.
Located off of Interstate 40 and Loop 335 on the east side of Amarillo just minutes from the Rick Husband International Airport (AMA).
Amarillo, Texas home of many landmarks such as the Palo Duro Canyon State Park, Cadillac Ranch, Star light Ranch Concert venue, come support our Minor League baseball team the Amarillo Sod Poodles, or try the challenge at the World famous Big Texan Steakhouse. Bucee's is also coming soon on the next exit of the hotel in fall of 2024. This thriving market has always done well over the years, with it's conventions, sporting tournaments, and transient travelers. With a population of just over 200,000 people, it is the perfect city for travelers to stay traveling from, Denver, Albuquerque, Dallas, and Oklahoma City. Great local restaurants and shopping, and breathe taking panhandle sunsets.
Located off of Interstate 40 and Loop 335 on the east side of Amarillo just minutes from the Rick Husband International Airport (AMA).
Property Details
- Class
- C
- Year Built
- 1980
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 119,790 SF
- Units
- 59
Highlights
- Prime location off of Interstate - 40 and Amarillo International Airport
- Ideal for Hospitality / Economy investor seeking established property
- Zoned MF-3 Presenting Numerous Development Opportunities
- SBA 7a, SBA 504, Conventional Loan Pre-Approved by Local Bank for Qualified Buyers
- Major Capex Renovation Completed in 2022 - 2023
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