Skip to main content

Hotel-Motel

Canadian Courts Motel

220 N 2nd St, Canadian, TX 79014

Listing Price: $350,000

Number of Rooms
50
RevPAR
$2
Price/Room
$7,000
RRM
8.01
Year Built
2003

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 Canadian Courts Motel (‘Hotel’ or ‘Property’). The Independent hotel is priced at $350,000 or $7,000 per key.

The Canadian Courts Motel is located at 220 N 2nd Street in Canadian, Texas, just off U.S. Highway 60. The 50-room, two-story building was built in 2003 and situated on a 0.93-acre lot. The Property maintains several common area amenities, such as a meeting area that can accommodate up to 150 guests and a breakfast area.

Often referred to as “the oasis of the High Plains,” Canadian is the county seat of Hemphill County, Texas and located about 100 miles northeast of Amarillo. Named after the nearby Canadian River, the city is located on the eastern side of the Texas Panhandle, near the Oklahoma border. Driving business travel to the city, Canadian’s top employers include Devon Energy, EOG Resources, and OneOk. Just under two miles from Hemphill County Airport and 100 miles from Rick Husband Amarillo International Airport, tourism to Canadian is largely generated from the region’s diverse array of attractions. Outdoor activities in the city range from touring Black Kettle National Grasslands, Lake Marvin, and the Gene Howe Wildlife Management Area to utilizing the amenities the various city parks and Hemphill County Recreation Complex provide. The city also boasts a rich culture and history, which is preserved by institutions such as the Citadel Art Foundation, Palace Theatre, and River Valley Pioneer Museum. Lastly, the Canadian Cultural District provides unity to the city’s historical assets, local culture, and arts scene. Established by the city in 2017, the district is home to many well-known annual events including festivals, music performances, museums, art exhibitions, and more, drawing thousands of visitors into the River City each year.

Currently operated by absentee ownership. Property currently not on third party sites. Back building is currently shut down, although in good condition and would need minor upgrades to bring back to full operation. Or new ownership can convert to micro-apartments.

The Property has been thoughtfully maintained, completing a full renovation of the breakfast area and kitchen in 2020. The potential benefits of new ownership include the opportunity to utilize the second floor space, previously home to a train station themed bar.

Investment Highlights

  • Two-Story, 50-Room, Two Building, Exterior-Corridor Hotel
  • Lender Directed Short Sale - Priced to Sell
  • Property is Operated by Absentee Ownership – Upside with On-Site Management
  • Property Historically Achieved Top Line Revenues Exceeding $200K+
  • Located Approximately 100 Miles from Amarillo and Rick Husband Amarillo International Airport
  • Fully Renovated Manager's Quarters – Includes One Bedroom, Sitting, Dining, and Kitchen
  • Area Renovations Provided a New Breakfast Area, Kitchen, and One Fully Renovated Manager's Quarters with Sitting and Dining Areas.

Exclusively Listed By

Financing By

Hotel-Motel

Canadian Courts Motel

Listing Price: $350,000

Number of Rooms
50
RevPAR
$2
Price/Room
$7,000
RRM
8.01
Year Built
2003

Investment Highlights

  • Two-Story, 50-Room, Two Building, Exterior-Corridor Hotel
  • Lender Directed Short Sale - Priced to Sell
  • Property is Operated by Absentee Ownership – Upside with On-Site Management
  • Property Historically Achieved Top Line Revenues Exceeding $200K+
  • Located Approximately 100 Miles from Amarillo and Rick Husband Amarillo International Airport
  • Fully Renovated Manager's Quarters – Includes One Bedroom, Sitting, Dining, and Kitchen
  • Area Renovations Provided a New Breakfast Area, Kitchen, and One Fully Renovated Manager's Quarters with Sitting and Dining Areas.

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 Canadian Courts Motel (‘Hotel’ or ‘Property’). The Independent hotel is priced at $350,000 or $7,000 per key. The Canadian Courts Motel is located at 220 N 2nd Street in Canadian, Texas, just off U.S. Highway 60. The 50-room, two-story building was built in 2003 and situated on a 0.93-acre lot. The Property maintains several common area amenities, such as a meeting area that can accommodate up to 150 guests and a breakfast area. Often referred to as “the oasis of the High Plains,” Canadian is the county seat of Hemphill County, Texas and located about 100 miles northeast of Amarillo. Named after the nearby Canadian River, the city is located on the eastern side of the Texas Panhandle, near the Oklahoma border. Driving business travel to the city, Canadian’s top employers include Devon Energy, EOG Resources, and OneOk. Just under two miles from Hemphill County Airport and 100 miles from Rick Husband Amarillo International Airport, tourism to Canadian is largely generated from the region’s diverse array of attractions. Outdoor activities in the city range from touring Black Kettle National Grasslands, Lake Marvin, and the Gene Howe Wildlife Management Area to utilizing the amenities the various city parks and Hemphill County Recreation Complex provide. The city also boasts a rich culture and history, which is preserved by institutions such as the Citadel Art Foundation, Palace Theatre, and River Valley Pioneer Museum. Lastly, the Canadian Cultural District provides unity to the city’s historical assets, local culture, and arts scene. Established by the city in 2017, the district is home to many well-known annual events including festivals, music performances, museums, art exhibitions, and more, drawing thousands of visitors into the River City each year. Currently operated by absentee ownership. Property currently not on third party sites. Back building is currently shut down, although in good condition and would need minor upgrades to bring back to full operation. Or new ownership can convert to micro-apartments. The Property has been thoughtfully maintained, completing a full renovation of the breakfast area and kitchen in 2020. The potential benefits of new ownership include the opportunity to utilize the second floor space, previously home to a train station themed bar.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower