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3100 W Interstate 40
Amarillo, TX 79102
REO Former Wyndham Garden Inn Amarillo · Hospitality Property For Sale
·
259 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 259 |
| Property Subtype | Hotel | No. Stories | 10 |
| Building Class | B | Year Built/Renovated | 1983/2026 |
| Lot Size | 6.30 AC | Parking Ratio | 2.77/1,000 SF |
| Construction Status | Under Renovation | Corridor | Interior |
| Building Size | 176,979 SF | ||
| Zoning | PD | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.30 AC |
| Construction Status | Under Renovation |
| Building Size | 176,979 SF |
| No. Rooms | 259 |
| No. Stories | 10 |
| Year Built/Renovated | 1983/2026 |
| Parking Ratio | 2.77/1,000 SF |
| Corridor | Interior |
| Zoning | PD |
AMENITIES
- Fitness Center
- Restaurant
- Room Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 3100 W INTERSTATE 40 , AMARILLO, TX 79102
Bull Realty is pleased to offer, on an exclusive basis, the opportunity to acquire a lender-owned, currently non-operational 259-key former Wyndham Garden Inn in Amarillo, Texas unencumbered by management, and franchise. This opportunity presents a developer an opportunity to restore a full-service property with multiple brand options: currently, there is a PIP from Wyndham Garden in hand, IHG is interested in converting to a Crowne Plaza, and Hilton is interested in discussing a conversion in Q1 of 2020. An STR Trend Report is available of Hilton, Marriott and IHG properties in the market, which was used to forecast a pro forma, mortgage-equity valuation and investment analysis; as well as property condition assessment. A property condition assessment (PCA) is also available with cost estimate to make the property fully operational as an independent. The city of Amarillo is the economic center of the Texas Panhandle, Oklahoma Panhandle and eastern New Mexico. The market has a diverse mix of demand generators in healthcare, government agencies, manufacturing and leisure with subject property in a central location.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 259 | $137.00 | - |
PROPERTY TAXES
| Parcel Number | R-086-3830-0425-0 | Improvements Assessment | $1,360,271 |
| Land Assessment | $1,372,140 | Total Assessment | $2,732,411 |
PROPERTY TAXES
