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    OFF-MARKET
    Hotels

    6800 I-40 West, Building A & B, Amarillo, TX 79106

    Built 1984
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hotels
    Year built 1984
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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