6915 Interstate 40, Amarillo, TX 79106
63 Hotel Rooms | Online Auction Sale | Amarillo, TX 79106
For Sale
Active
- Property Type
-
Hospitality
- Square Feet
- 37,498 SF
Listing Contacts
Dan Miller
Mark Rome
George Davis
Derek Rudd
Property Overview
Don’t miss the opportunity to acquire the fee simple interest in the Sleep Inn & Suites Amarillo West Medical Center, located at 6915 W Interstate 40 in Amarillo, Texas. This three-story, 63-key interior corridor hotel offers business, leisure, and extended-stay travel accommodations. Guests enjoy exclusive use of the hotel amenities, including complimentary breakfast, private meeting space, an indoor pool, a fitness center, and a business center. Sleep Inn & Suites Amarillo West Medical Center presents a superior asset under the Choice Hotels brand in the hub of the Texas Panhandle. There is additional income potential from the 4,600-square-foot commercial building fronting Interstate 40.
Located along Interstate 40, the major east-west interstate between North Carolina and California, Amarillo serves as a growing economic center for various industries, including defense, food processing, health services, manufacturing, and retail. Tyson Foods is the city’s second-largest employer and the world’s second-largest food processor. Additionally, Amarillo hosts a major plant for Bell Textron, a key manufacturer of military aircraft, alongside a significant nuclear weapons facility, Consolidated Nuclear Security (CNS) Pantex Plant. Colleges and Universities include Texas Tech Health Sciences Center, Texas Tech University School of Veterinary Medicine, West Texas A&M University (WTAMU), and Amarillo College. The 495-bed Northwest Texas Healthcare System anchors the major regional healthcare complex. Furthermore, Sleep Inn & Suites West Medical Center's proximity to Palo Duro Canyon State Park, often dubbed as the Grand Canyon of Texas, makes it an attractive destination for leisure travelers seeking the beauty of the great outdoors.
Property tours are available by appointment only. Please contact the listing brokers to schedule.
Located along Interstate 40, the major east-west interstate between North Carolina and California, Amarillo serves as a growing economic center for various industries, including defense, food processing, health services, manufacturing, and retail. Tyson Foods is the city’s second-largest employer and the world’s second-largest food processor. Additionally, Amarillo hosts a major plant for Bell Textron, a key manufacturer of military aircraft, alongside a significant nuclear weapons facility, Consolidated Nuclear Security (CNS) Pantex Plant. Colleges and Universities include Texas Tech Health Sciences Center, Texas Tech University School of Veterinary Medicine, West Texas A&M University (WTAMU), and Amarillo College. The 495-bed Northwest Texas Healthcare System anchors the major regional healthcare complex. Furthermore, Sleep Inn & Suites West Medical Center's proximity to Palo Duro Canyon State Park, often dubbed as the Grand Canyon of Texas, makes it an attractive destination for leisure travelers seeking the beauty of the great outdoors.
Property tours are available by appointment only. Please contact the listing brokers to schedule.
Property Details
- Class
- B
- Year Built
- 2009
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 54,886 SF
- Units
- 63
Highlights
- Opportunity to acquire the 63-key Sleep Inn & Suites, a well-maintained midscale hotel with improving performance and recent capital improvements.
- Ideally located along I-40, the hotel garners significant transient demand from interstate travelers and visitors to the Amarillo Hospital District.
- Investors can revitalize the operations, implement strategic cost-control initiatives, and employ aggressive sales and yield management strategies.
- Sleep Inn & Suites Amarillo West Medical Center is being offered below replacement cost and unencumbered by management.
- Value-add opportunity to increase top-line revenue with leasing of the 4,600-SF retail building in front of the hotel.
- Amarillo is experiencing strong economic growth and is expecting nearly $2.5B in upcoming capital investments, which will create over 3,500 new jobs.
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