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Auction - Mar 2-4 | Value Add Hotel 2915 E Interstate 40 103 Room Hotel Amarillo, TX 79104 $300,000 ($2,913/Room)
INVESTMENT HIGHLIGHTS
- Huge banquet space, restaurant area, bar area, commercial kitchen, indoor pool, tall ceiling in lobby & pool area
- 28 min to Fermi America - developing the world's largest energy-driven Artificial Intelligence (AI) campus near Amarillo, Texas
- 5min to downtown, 9 min to Airport,Rodeo, Festivals, Quarter Horse Museum
EXECUTIVE SUMMARY
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2944
Starting Bid: $300,000
Auction Event: March 2-4, 2026
The property consists of a two-story, limited-service hotel originally constructed in 1968 and renovated in 2022. The Hotel is situated on approximately 3.29 acres and features 104 guest rooms, including manager accommodations, with a total of 160 on-site parking spaces. The Property also includes approximately 5,643 square feet of meeting and banquet space, a full-service restaurant with commercial kitchen, bar and lounge area, and extensive back-of-house facilities. The Hotel ceased operations in January 2025 and is currently vacant, providing investors with a clean slate for repositioning, renovation, or redevelopment.
The Property’s location along Interstate 40 provides excellent regional accessibility and visibility, supporting a wide range of potential lodging, event, or alternative-use strategies. Amarillo serves as a regional economic hub for the Texas Panhandle, with demand drivers including logistics, manufacturing, healthcare, education, and tourism. The city is also positioned to benefit from future economic growth tied to large-scale development initiatives, including the proposed Fermi America AI campus. Amarillo’s central location, strong transportation infrastructure, and diverse employment base support long-term demand fundamentals for hospitality and commercial real estate assets in the market.
Starting Bid: $300,000
Auction Event: March 2-4, 2026
The property consists of a two-story, limited-service hotel originally constructed in 1968 and renovated in 2022. The Hotel is situated on approximately 3.29 acres and features 104 guest rooms, including manager accommodations, with a total of 160 on-site parking spaces. The Property also includes approximately 5,643 square feet of meeting and banquet space, a full-service restaurant with commercial kitchen, bar and lounge area, and extensive back-of-house facilities. The Hotel ceased operations in January 2025 and is currently vacant, providing investors with a clean slate for repositioning, renovation, or redevelopment.
The Property’s location along Interstate 40 provides excellent regional accessibility and visibility, supporting a wide range of potential lodging, event, or alternative-use strategies. Amarillo serves as a regional economic hub for the Texas Panhandle, with demand drivers including logistics, manufacturing, healthcare, education, and tourism. The city is also positioned to benefit from future economic growth tied to large-scale development initiatives, including the proposed Fermi America AI campus. Amarillo’s central location, strong transportation infrastructure, and diverse employment base support long-term demand fundamentals for hospitality and commercial real estate assets in the market.
PROPERTY FACTS
AMENITIES
- Pool
- Meeting Event Space
- Public Access Wifi
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $49.00 | - |
| Guest Room | 101 | $38.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | R-022-0700-8800-0 | Improvements Assessment | $66,835 |
| Land Assessment | $394,109 | Total Assessment | $460,944 |
PROPERTY TAXES
Parcel Number
R-022-0700-8800-0
Land Assessment
$394,109
Improvements Assessment
$66,835
Total Assessment
$460,944
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Auction - Mar 2-4 | Value Add Hotel | 2915 E Interstate 40
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