6915 W Interstate 40 | Amarillo, TX 79106
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- LoopNet Team
6915 W Interstate 40
Amarillo, TX 79106
Sleep Inn & Suites w/ Front Retail Building · Hospitality Property For Sale
·
37,498 SF
INVESTMENT HIGHLIGHTS
- Opportunity to acquire the 63-key Sleep Inn & Suites, a well-maintained midscale hotel with improving performance and recent capital improvements.
- Investors can revitalize the operations, implement strategic cost-control initiatives, and employ aggressive sales and yield management strategies.
- Value-add opportunity to increase top-line revenue with leasing of the 4,600-SF retail building in front of the hotel.
- Ideally located along I-40, the hotel garners significant transient demand from interstate travelers and visitors to the Amarillo Hospital District.
- Sleep Inn & Suites Amarillo West Medical Center is being offered below replacement cost and unencumbered by management.
- Amarillo is experiencing strong economic growth and is expecting nearly $2.5B in upcoming capital investments, which will create over 3,500 new jobs.
PROPERTY FACTS
| Sale Condition | Auction Sale | Building Size | 37,498 SF |
| Type of Ownership | Fee Simple | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2009 |
| Property Subtype | Hotel | Parking Ratio | 1.73/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.26 AC | Parcel Number | R-001-1800-8216-0 |
| Zoning | GR | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.26 AC |
| Building Size | 37,498 SF |
| No. Stories | 3 |
| Year Built | 2009 |
| Parking Ratio | 1.73/1,000 SF |
| Corridor | Interior |
| Zoning | GR |
| Parcel Number | R-001-1800-8216-0 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
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