6030 I-40Amarillo, TX 79106

For Sale
$2,900,000

92-key hotel, fully renovated 2023.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Amarillo, Texas hotel presents a prime investment opportunity. The Relax Inn, located at 6030 I-40 West, boasts 92 keys within a 27,525 square foot building, offering a compelling return on investment. Built in 1980 and extensively renovated in 2023, the property features a modern and attractive design, ready for immediate occupancy. The hotel is zoned HC, allowing for flexible commercial use. Its strategic location in Amarillo, near I-40, places it conveniently close to major transportation routes, medical facilities, and historic Route 66, attracting both business and leisure travelers. The property benefits from its proximity to Albuquerque, Oklahoma City, Dallas, and Denver, making it an ideal stopover for those traveling between larger cities. Furthermore, the area hosts numerous corporate conventions and school sporting tournaments, providing consistent occupancy potential. The asking price is $2,900,000, representing a 3.5X GRM. Ample parking is available for guests and staff. This fully renovated hotel presents a rare opportunity to acquire a well-maintained asset in a thriving market, with potential for strong returns. The property offers 100% ownership.

Highlights

  • Proven track record in the hospitality/economy sector.
  • Excellent location offering a big-city feel without the traffic.
  • Situated near a medical district and historic Route 66.
  • Ideally located equidistant from Albuquerque, Oklahoma City, Dallas, and Denver.
  • High occupancy potential due to corporate conventions and school sporting events.
  • Fully renovated in 2023.

Property Details for 6030 I-40

Property type
Other hospitality properties, Hotels
Square Feet
27,525 SF
Year Built/Renovated
1980/2023
Buildings
1
Stories
3

Location Insight

City
Amarillo
County
Potter
State
Texas
Latitude
35.1868796
Longitude
-101.933176
6030 I-40, Amarillo, Texas

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6030 I-40
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