for sale
Econo Lodge (Airport Amarillo)
2401 E Interstate 40 | Amarillo, TX 79104
Investment Highlights
- 2024 Gold Award Winner with Choice Hotels
- Indoor corridor, two-story layout
- Priced at $40k/key
- No PIP to new buyer
- Motivated seller, absentee owner, needs new management
- Spacious lobby & common areas for guest relaxation
- Convenient access to local attractions and landmarks
Property Description
Devesh “Devo” Ragha with Newgen Advisory is pleased to exclusively present for sale the Econo Lodge in Amarillo, TX. This 55-room hotel, recently converted from a Sleep Inn brand, has been fully renovated in 2020 with over $200k in CapEx. This is a turn-key property with NO PIP to the buyer and received the 2024 Gold Award from Choice Hotels International.
The Econo Lodge (Airport Amarillo) is conveniently located off of Interstate 40, just minutes from downtown, the Hodge Town baseball stadium (Home of the Sod Poodles minor league baseball team), Tri-state fairgrounds, and American Quarter Horse Hall of Fame & Museum. Amarillo, Texas sits equidistant to 4 major metroplex cities: Dallas, Oklahoma City, Albuquerque, and Denver, making Amarillo a great place for visitors, school tournaments, corporate events, and family gatherings.
Location Description
Amarillo, Texas, is a vibrant city located in the heart of the Texas Panhandle. Known for its rich western heritage, Amarillo offers a mix of cowboy culture, natural beauty, and modern attractions. Visitors can explore iconic landmarks like the Cadillac Ranch, enjoy the scenic views of the Palo Duro Canyon, visit the world renowned Route 66, Amarillo Zoo, Amarillo Botanical Gardens, or dive into the city’s history at the Amarillo Museum of Art. With its friendly atmosphere, wide open spaces, and thriving local community, Amarillo is a unique destination that blends tradition with modernity.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Devesh “Devo” Ragha
Associate
TX #758386
(806) 584-1454
dragha@newgenadv.com
BROKER OF RECORD
Bharat Patel-Vakil
NewGen Advisory TX LLC
TX #512841