2401 E Interstate 40 - Hospitality FOR SALE


Amarillo, TX 79104
$2,200,000 USD
602-648-2700
2401 E Interstate 40, Amarillo, TX for Sale
$2,200,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

2401 E Interstate 40
Amarillo, TX 79104


HIGHLIGHTS

  • 2024 Gold Award Winner with Choice Hotels
  • Indoor corridor, two-story layout
  • Price at $40k/key
  • Motivated seller, absentee owner, needs new management
  • Spacious lobby & common areas for guest relaxation
  • Convenient access to local attractions and landmarks

OVERVIEW

Property Description Devesh “Devo” Ragha with Newgen Advisory is pleased to exclusively present for sale the Econo Lodge in Amarillo, TX. This 55-room hotel, recently converted from a Sleep Inn brand, has been fully renovated in 2020 with over $200k in CapEx. This is a turn-key property with NO PIP to the buyer and received the 2024 Gold Award from Choice Hotels International. The Econo Lodge (Airport Amarillo) is conveniently located off of Interstate 40, just minutes from downtown, the Hodge Town baseball stadium (Home of the Sod Poodles minor league baseball team), Tri-state fairgrounds, and American Quarter Horse Hall of Fame & Museum. Amarillo, Texas sits equidistant to 4 major metroplex cities: Dallas, Oklahoma City, Albuquerque, and Denver, making Amarillo a great place for visitors, school tournaments, corporate events, and family gatherings. Location Description Amarillo, Texas, is a vibrant city located in the heart of the Texas Panhandle. Known for its rich western heritage, Amarillo offers a mix of cowboy culture, natural beauty, and modern attractions. Visitors can explore iconic landmarks like the Cadillac Ranch, enjoy the scenic views of the Palo Duro Canyon, visit the world renowned Route 66, Amarillo Zoo, Amarillo Botanical Gardens, or dive into the city's history at the Amarillo Museum of Art. With its friendly atmosphere, wide open spaces, and thriving local community, Amarillo is a unique destination that blends tradition with modernity.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$112 USD /SF

# OF ROOMS

55

PRICE/ROOM

$40,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Airport Amarillo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1996

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

HC

APN/PARCEL ID

R-022-0700-9830-0

ASK ABOUT THIS PROPERTY

Devo RaghaNewGen AdvisoryMore Info
602-648-2700

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Devo RaghaNewGen AdvisoryMore Info
602-648-2700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.