NEWGEN ADVISORY | Successful Closing
October 26, 2026
TEXAS – NewGen Advisory has completed the sale of the Days Inn Amarillo (Medical Center), a 50-room hotel located at 2102 S. Coulter Street in Amarillo, Texas.
Devesh “Devo” Ragha and Jigar “Jay” Desai of NewGen Advisory represented the seller in the transaction. The property drew interest from a buyer looking to expand its hotel portfolio in Texas, with the hotel’s recent full renovation playing a key role in the acquisition decision.
“What stood out in this transaction was how well the property matched the buyer’s growth strategy. They were actively looking to expand in Texas, and this gave them a recently renovated asset in a market they wanted to be in. It was a good example of finding the right buyer for the right opportunity.”
Originally built in 1996, the Days Inn underwent a full renovation in 2024. The property sits on approximately 2.08 acres and includes an indoor pool, fitness center, select rooms with private patios, and a three-bedroom manager’s apartment. Its location in Amarillo’s medical district also places the hotel near three hospitals and two major medical centers, supporting consistent lodging demand.
The buyer was particularly attracted to the opportunity to acquire a recently renovated asset with limited immediate capital needs. As the transaction progressed, Ragha and Desai also helped connect the buyer with a local lender, supporting the financing process and helping keep the deal moving toward closing.
“The recent renovation was a major factor for the buyer because they were looking for a property they could add to their Texas portfolio without taking on a significant renovation immediately. We were also able to help connect them with a local lender, which helped move the transaction forward and ultimately get the deal closed.”
The sale adds to NewGen Advisory’s growing track record representing hotel owners across Texas and other key hospitality markets. Owners considering a sale, as well as buyers looking to expand their hotel portfolios, can connect with Devesh “Devo” Ragha or Jigar “Jay” Desai for market insight and transaction guidance.
NewGen Advisory is a hospitality investment advisory firm founded by professionals who entered the industry through ownership, operations and investment rather than brokerage. Its founders have managed hotels, navigated renovations, evaluated acquisitions and worked through market cycles, making the same decisions clients face every day. That experience shapes every valuation, marketing strategy, negotiation and recommendation the firm provides.
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© 2026 NewGen Advisory. All rights reserved. This article is intended for informational purposes and does not constitute investment advice.