6915 W Interstate 40 - Hospitality FOR SALE
Amarillo, TX 79106 |
6915 W Interstate 40
Amarillo, TX 79106
HIGHLIGHTS
- Opportunity to acquire the 63-key Sleep Inn & Suites West Medical Center, a well-maintained midscale hotel with strong upside for an owner-operator.
- 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.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Sleep Inn & Suites w/ Front Retail Building
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
37498
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2009
PARKING SPACES
84
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
GR
APN/PARCEL ID
R-001-1800-8216-0
