for sale
Holiday Inn (West Medical Center)
8231 W Amarillo Blvd | Amarillo, TX 79124
Investment Highlights
- 151 units, four-story, interior corridor
- Priced at $72,848/key
- Minimal PIP will be required
- 2024 room revenue: $3,128,238
- Restaurant on-site
- Located near key demand generators: Amarillo College and Northwest Texas Healthcare System Behavioral Health
- Highly motivated seller
Property Description
Devesh Ragha of NewGen Advisory offers for sale an exceptional investment opportunity in the thriving Texas Panhandle, the Holiday Inn (West Medical Center) – Amarillo, TX. Opened in July 2011, the property boasts 151 well-appointed rooms across four stories, with a gross building area of 83,748 square feet and a typical floor plan of 20,937 square feet.
Situated in a suburban setting, the Holiday Inn (West Medical Center) – Amarillo, TX features an interior corridor layout, ensuring a comfortable and secure environment for guests. While it does not offer an all-inclusive rate, the hotel provides substantial amenities, including 3,900 square feet of meeting space, catering to both business and leisure travelers.
Location Description
This upper midscale franchise, part of the esteemed IHG Hotels & Resorts family, is prominently located right off Interstate 40, a key thoroughfare connecting Amarillo with major cities such as Albuquerque and Oklahoma City. It is surrounded by a variety of dining and retail options and is enriched by Amarillo’s unique blend of modernity and traditional Texan charm, the Holiday Inn (West Medical Center) – Amarillo hotel asset is a compelling choice for investors seeking to capitalize on a robust hospitality market.
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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
Richard Queen Jr.
NewGen Advisory TX LLC
TX #422024