Relax Inn | 6030 W Interstate 40
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Relax Inn 6030 W Interstate 40
100 Room Hotel Amarillo, TX 79106 For Sale
Investment Highlights
- Proven Track Record in the Hospitality/economy Sector
- Equal Distance From Albuquerque, Oklahoma City, Dallas, and Denver Making It a Great Stopping Point for Those Travelling to Larger Cities
- Multiple Corporate Conventions and Schools Sporting Tournaments
- Big City Feels Without the Traffic / Located in a Medical District and Off the Historic Route 66
- Renovation Completed in 2023 / 3.5X GRM
- Manager's/Owners Apartment located on site.
Executive Summary
Introducing a Prime Investment Opportunity at 6030 I-40 West, Amarillo, Tx, 79106. This Exceptional Property Boasts a 27,525 Sf Building With 92 Units, Ideally Suited for a Hospitality/economy Investor. Built in 1980 and Extensively Renovated in 2023, This Well-maintained Asset Offers a Modern and Attractive Space for Guests. Zoned Hc, It Provides Flexible Usage Options and Potential for Strong Returns. Located in the Prominent Amarillo Area, This Property Presents an Exceptional Opportunity for Investors Looking to Capitalize on the Thriving Hospitality Industry. Historical average of $800k, priced at 3.5X.
The area surrounding Relax Inn in Amarillo, TX, is an ideal location for prospective investors in the hospitality and economy sectors. Amarillo's unique blend of warm hospitality and thriving economy creates an attractive environment for business and leisure travelers alike. Nearby attractions such as the iconic Route 66, the renowned Cadillac Ranch, and the breathtaking Palo Duro Canyon State Park offer guests memorable experiences. Additionally, the proximity to the vibrant medical district provides added appeal, making the area a strategic choice for hospitality and economy investors seeking a dynamic market with diverse opportunities.
The area surrounding Relax Inn in Amarillo, TX, is an ideal location for prospective investors in the hospitality and economy sectors. Amarillo's unique blend of warm hospitality and thriving economy creates an attractive environment for business and leisure travelers alike. Nearby attractions such as the iconic Route 66, the renowned Cadillac Ranch, and the breathtaking Palo Duro Canyon State Park offer guests memorable experiences. Additionally, the proximity to the vibrant medical district provides added appeal, making the area a strategic choice for hospitality and economy investors seeking a dynamic market with diverse opportunities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | No. Rooms | 100 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1980/2023 |
| Building Class | C | Parking Ratio | 2.69/1,000 SF |
| Lot Size | 1.53 AC | Corridor | Exterior |
| Building Size | 32,019 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 32,019 SF |
| No. Rooms | 100 |
| No. Stories | 3 |
| Year Built/Renovated | 1980/2023 |
| Parking Ratio | 2.69/1,000 SF |
| Corridor | Exterior |
Amenities
- Patio
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 100 | $39.00 | - |
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Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | R-001-1800-9203-0 | Improvements Assessment | $563,187 |
| Land Assessment | $386,813 | Total Assessment | $950,000 |
PROPERTY TAXES
Parcel Number
R-001-1800-9203-0
Land Assessment
$386,813
Improvements Assessment
$563,187
Total Assessment
$950,000
zoning
| Zoning Code | HC (Hospitality) |
| HC (Hospitality) |
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Relax Inn | 6030 W Interstate 40
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