8231 W Amarillo Blvd - Hospitality FOR SALE


Amarillo, TX 79124
$12,000,000 USD
602-648-2700
8231 W Amarillo Blvd, Amarillo, TX for Sale
$12,000,000 USD
Hospitality - FOR SALE
1/50
null | 7% Cap Rate

8231 W Amarillo Blvd
Amarillo, TX 79124


HIGHLIGHTS

  • 151 units, four story, interior corridor
  • Priced at $79,470/key
  • Minimal will be required
  • 2024 room revenue: $3,128,238
  • Restaurant on-site
  • Located near key demand generators: Amarillo College and Northwest Texas Healthcare System Behavioral Health

OVERVIEW

Devesh Ragha of NewGen Advisory offers for sale an exceptional investment opportunity in the thriving Texas Panhandle, the Holiday Inn (West Medical Center) - Amarillo, TX. Opened in July 2011, the property boasts 151 well-appointed rooms across four stories, with a gross building area of 83,748 square feet and a typical floor plan of 20,937 square feet. $3.4M total revenue in 2024. Minimal PIP will be required. Situated in a suburban setting, the Holiday Inn (West Medical Center) - Amarillo, TX features an interior corridor layout, ensuring a comfortable and secure environment for guests. While it does not offer an all-inclusive rate, the hotel provides substantial amenities, including 3,900 square feet of meeting space, catering to both business and leisure travelers.  This upper midscale franchise, part of the esteemed IHG Hotels & Resorts family, is prominently located right off Interstate 40, a key thoroughfare connecting Amarillo with major cities such as Albuquerque and Oklahoma City. It is surrounded by a variety of dining and retail options and is enriched by Amarillo's unique blend of modernity and traditional Texan charm, the Holiday Inn (West Medical Center) - Amarillo hotel asset is a compelling choice for investors seeking to capitalize on a robust hospitality market.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$143 USD /SF

# OF ROOMS

151

PRICE/ROOM

$79,470 {currency}

CAP RATE

7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Amarillo West Medical Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2011

PARKING SPACES

206

LAND DETAILS

LAND ACRES

4.55 AC

LAND SF

198,198 SF

ZONING

HC

APN/PARCEL ID

R-005-7540-0385-0

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.