Hotel-Motel
La Quinta Inn by Wyndham Amarillo West Medical Center
2108 Coulter St S, Amarillo, TX 79106
Listing Price: Request For Offer
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the La Quinta Inn Amarillo West Medical Center (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered on a "Call for Offers" basis. Please contact the listing agent for more information.
La Quinta Inn Amarillo West Medical Center is located at 2108 S Coulter Street in Amarillo, Texas just off Interstate 40. The 128-room, three-story, Property was built in 1986 and spans 2.37 acres. With roughly 71,500 square feet of interior space, the dual-corridor Hotel maintains a wide array of common area amenities including an outdoor swimming pool, guest laundry facility, business center, and breakfast area.
The largest city in the Texas Panhandle, Amarillo is in the heart of cattle country and exists as a major transportation hub for the region. Major industries in the area, food production and agriculture provide significant economic contributions. Outside of growing corn, wheat, and cotton, and producing milk, resides one of the largest meat-packing industrial areas in the United States. With companies such as Tyson Foods, Edes Custom Meats, and Caviness Beef Packers, Amarillo’s meat-packing sector processes a quarter of the nation’s beef supply. Over 14 million acres of agricultural land are used to grow various crops and the city of Amarillo is also home to the headquarters of the Texas Cattle Feeders Association (TCFA). A representative of the cattle feeding industry in Texas, Oklahoma, and New Mexico, TCFA presides over this area, known as Cattle Feeding Country, which annually markets more than six million fed cattle, or 28 percent of the nation’s fed cattle production. While agriculture makes up a significant portion of the Amarillo economy, petroleum extraction is also an important aspect. Companies such as Valero Energy, Phillips 66, Baker Hughes, Halliburton, and BP operate heavily within the region. Other major employers in Amarillo represent various industries, including Owens-Corning, Bell Helicopter Textron, Amarillo National Bank, ASARCO, and CNS Pantex. Lastly, Amarillo has four colleges and universities in the metro, including Amarillo College, West Texas A&M University, Wayland Baptist University, and Texas Tech Veterinary College. Among the many attractions in the area are Palo Duro Canyon, Cadillac Ranch, Wonderland Amusement Park, and the Amarillo Zoo. For those looking to learn something new, Amarillo offers a few different museum experiences with the Texas Air and Space Museum and Amarillo Museum of Art.
In 2021, the Hotel recorded room revenues of over $1.64 million, coupled with an ideal net operating income flow-through of 31.8 percent of total revenue, which equates to over $526.4 thousand, after a four percent capital replacement reserve. In the same year, the Hotel recorded a 90 percent RevPAR penetration index, presenting an opportunity for a new investor to increase revenues through revenue management strategies. Since 2016, with the exception of the 2020 pandemic year, the hotel averages room revenues of over $1,465,000. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth.
Investment Highlights
- Three-Story, 128-Room, Dual-Corridor, Wyndham Hotels-Branded Hotel
- Priced Below Replacement Cost at $30,859 Per Key
- Excellent Highway Accessibility from Interstate 40
- T-12 August STR Report Recorded a 55 Percent RevPAR Penetration Index, Leaving Upside for a New Owner
- Over $1.64 Million of Room Revenues and Over $526.4 Thousand of Net Operating Income Through 2021
Hotel-Motel
La Quinta Inn by Wyndham Amarillo West Medical Center
Listing Price: Request For Offer
Investment Highlights
- Three-Story, 128-Room, Dual-Corridor, Wyndham Hotels-Branded Hotel
- Priced Below Replacement Cost at $30,859 Per Key
- Excellent Highway Accessibility from Interstate 40
- T-12 August STR Report Recorded a 55 Percent RevPAR Penetration Index, Leaving Upside for a New Owner
- Over $1.64 Million of Room Revenues and Over $526.4 Thousand of Net Operating Income Through 2021
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the La Quinta Inn Amarillo West Medical Center (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered on a "Call for Offers" basis. Please contact the listing agent for more information. La Quinta Inn Amarillo West Medical Center is located at 2108 S Coulter Street in Amarillo, Texas just off Interstate 40. The 128-room, three-story, Property was built in 1986 and spans 2.37 acres. With roughly 71,500 square feet of interior space, the dual-corridor Hotel maintains a wide array of common area amenities including an outdoor swimming pool, guest laundry facility, business center, and breakfast area. The largest city in the Texas Panhandle, Amarillo is in the heart of cattle country and exists as a major transportation hub for the region. Major industries in the area, food production and agriculture provide significant economic contributions. Outside of growing corn, wheat, and cotton, and producing milk, resides one of the largest meat-packing industrial areas in the United States. With companies such as Tyson Foods, Edes Custom Meats, and Caviness Beef Packers, Amarillo’s meat-packing sector processes a quarter of the nation’s beef supply. Over 14 million acres of agricultural land are used to grow various crops and the city of Amarillo is also home to the headquarters of the Texas Cattle Feeders Association (TCFA). A representative of the cattle feeding industry in Texas, Oklahoma, and New Mexico, TCFA presides over this area, known as Cattle Feeding Country, which annually markets more than six million fed cattle, or 28 percent of the nation’s fed cattle production. While agriculture makes up a significant portion of the Amarillo economy, petroleum extraction is also an important aspect. Companies such as Valero Energy, Phillips 66, Baker Hughes, Halliburton, and BP operate heavily within the region. Other major employers in Amarillo represent various industries, including Owens-Corning, Bell Helicopter Textron, Amarillo National Bank, ASARCO, and CNS Pantex. Lastly, Amarillo has four colleges and universities in the metro, including Amarillo College, West Texas A&M University, Wayland Baptist University, and Texas Tech Veterinary College. Among the many attractions in the area are Palo Duro Canyon, Cadillac Ranch, Wonderland Amusement Park, and the Amarillo Zoo. For those looking to learn something new, Amarillo offers a few different museum experiences with the Texas Air and Space Museum and Amarillo Museum of Art. In 2021, the Hotel recorded room revenues of over $1.64 million, coupled with an ideal net operating income flow-through of 31.8 percent of total revenue, which equates to over $526.4 thousand, after a four percent capital replacement reserve. In the same year, the Hotel recorded a 90 percent RevPAR penetration index, presenting an opportunity for a new investor to increase revenues through revenue management strategies. Since 2016, with the exception of the 2020 pandemic year, the hotel averages room revenues of over $1,465,000. The limited-service Hotel is an ideal investment for an owner-operator who can continue maximizing returns through healthy cash flows and continual RevPAR growth.

