Dual Brand Red Roof Inn HomeTowne Studio
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Dual Brand Red Roof Inn HomeTowne Studio
2 Hospitality Properties Offered at $5,000,000 in Amarillo, TX
Investment Highlights
- Proven track record in the hospitality/economy sector, big city feels without the traffic
- Equal distance from Albuquerque, Oklahoma City, Dallas, and Denver, making it a great stopping point for those travelling to larger cities
- Renovation completed in 2023,zoned HC for commercial use, ample parking for guests and staff
- Located in a Medical District and off Historic Route 66
- Multiple corporate conventions and school sporting tournaments
Executive Summary
Devesh "Devo" Ragha with NewGen Advisory is pleased to present an exceptional investment opportunity at 6800 I-40 West, Building A & B, Amarillo, TX, 79106. This impressive property features a 81,123 SF building with 120 modern units, perfectly suited for hospitality/economy investors. Built in 1984 and recently renovated in 2023, this property offers contemporary amenities and attractive accommodations. Zoned R, it provides flexibility for various potential uses.
Discover the vibrant city of Amarillo surrounding the property, a prime location for a dual brand investment opportunity. Situated near popular attractions like Cadillac Ranch and the iconic Big Texan Steak Ranch, the area offers endless entertainment and dining options for guests. With its close proximity to Westgate Mall, medical centers, major corporations, and Historic Route 66, this location provides convenience and accessibility for business travelers and tourists alike. The thriving economy and bustling hospitality industry make this area an attractive choice for investors looking to capitalize on the dynamic growth of Amarillo.
Discover the vibrant city of Amarillo surrounding the property, a prime location for a dual brand investment opportunity. Situated near popular attractions like Cadillac Ranch and the iconic Big Texan Steak Ranch, the area offers endless entertainment and dining options for guests. With its close proximity to Westgate Mall, medical centers, major corporations, and Historic Route 66, this location provides convenience and accessibility for business travelers and tourists alike. The thriving economy and bustling hospitality industry make this area an attractive choice for investors looking to capitalize on the dynamic growth of Amarillo.
Property Facts
| Price | $5,000,000 | Number of Properties | 2 |
| Price / SF | $92.17 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 54,246 SF |
| Status | Active | Total Land Area | 6.07 AC |
| Price | $5,000,000 |
| Price / SF | $92.17 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 54,246 SF |
| Total Land Area | 6.07 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Red Roof Inn Amarillo West
6800 W Interstate 40, Amarillo, TX 79106 |
Hospitality | 27,123 SF | 1984 | - |
|
HomeTowne Studios Amarillo West
6800 W Interstate 40, Amarillo, TX 79106 |
Hospitality | 27,123 SF | 1984 | - |
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