Motel 6 Airport


Price:
$3,400,000

[Currently Under Agreement]

Address :
4301 E I-40
Amarillo, TX 79104


  •  TOURS: Thursday, April 4, 2019. Contact Mumford Company to schedule an appointment.
  •  Well located and visible from I-40
  •  Less than 10 minutes from Rick Husband Amarillo International Airport
  •  Minimal PIP expected
  •  Hotel will retain Motel 6 brand affiliation
  •  Opportunity to increase revenues through new management
  •  Excellent opportunity for an owner/operator
    View Map    View Aerial
  •  The largest city in the Texas Panhandle, the Amarillo metropolitan region is projected to be home to over 310,000 people by 2020.
  •  Amarillo is at the intersection of Interstates 27 and 40.
  •  Amarillo serves as the regional economic hub for the Texas Panhandle, as well as eastern New Mexico and the Oklahoma Panhandle.
  •  Convenient to Bell Helicopters Textron, located at Amarillo International Airport, which is one of the market’s largest manufacturers and employers
  •  Amarillo draws an estimated 4.8 million tourists annually.
  •  Close to Regional Demand Generators:
    •  2.4 Miles to American Quarter Horse Museum
    •  3.3 Miles to Downtown Amarillo
    •  3.3 Miles to Amarillo Civic Center complex
    •  5.5 Miles to Wonderland Amusement Park
    •  6 Miles to Rick Husband Amarillo International Airport
    •  13 Miles to Cadillac Ranch
    •  19 Miles to West Texas A&M University
    •  26 Miles to Palo Duro Canyon State Park
  •  118 Rooms
  •  3 Building s, 2 Stories
  •  Exterior Corridors
  •  Wood Frame on Concrete Slab Construction
  •  Stucco Facade
  •  Flat, Built-Up Roof with Spanish Tile
  •  Concrete & Asphalt Parking Lot
  •  Guest Laundry
  •  Seasonal Outdoor Pool
  •  Wireless Internet
  •  2.7351 Acres
  •  Built 1984
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




Please check this box if you would like to subscribe to our weekly newsletter.

Financials
2016
2017
2018
T-12Mos 2/19
Occupancy
73.61%
65.87%
69.26%
69.32%
Average Daily Rate
$44.44
$42.16
$42.55
$42.59
Room Revenue
$1,412,962
$1,196,200
$1,269,270
$1,271,568
Net Operating Income
$532,994
$354,828
$357,830
$377,366
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!