6800 I-40 West, Building A & B, Amarillo, TX 79106
Devesh “Devo” Ragha with NewGen Advisory is pleased to present an exceptional investment opportunity at for the Red Roof & Home Towne Studios – Amarillo, TX. This impressive property features a 81,123 SF building with 120 modern units, perfectly suited for hospitality/economy investors. Built in 1984 and recently renovated in 2023, this property offers contemporary amenities and attractive accommodations. Zoned R, it provides flexibility for various potential uses. With its prime location in Amarillo, the Red Roof & Home Towne Studios – Amarillo affords investors the chance to tap into the burgeoning hospitality sector. Boasting a dual brand and strategically placed near the Medical District, Westgate Mall, and Historic Route 66, this investment promises abundant potential for growth and success. Location Description Discover the vibrant city of Amarillo surrounding the property, a prime location for the dual brand investment opportunity. Situated near popular attractions like Cadillac Ranch and the iconic Big Texan Steak Ranch, the area offers endless entertainment and dining options for guests. With its close proximity to Westgate Mall, medical centers, and major corporations, this location provides convenience and accessibility for business travelers and tourists alike. The thriving economy and bustling hospitality industry make this area an attractive choice for investors looking to capitalize on the dynamic growth of Amarillo.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.