Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Days Inn by Wyndham Amarillo - Medical Center (‘Hotel’ or ‘Property’) located in Amarillo, Texas. The Wyndham Hotels & Resorts-branded Hotel is offered at $2,900,000 or $58,000 per key. The Days Inn by Wyndham Amarillo - Medical Center is a 50-room, two-story hotel located at 2102 S Coulter Street in Amarillo, Texas. The Hotel is easily accessible from both Interstate 40 and U.S. Route 66, situated on Coulter Street. Located less than 15 miles from Rick Husband International Airport, the hotel maintains various common area amenities including an indoor pool, on-site guest laundry, a breakfast area, vending machines and parking for buses and trucks. Additionally, the property features a two-bedroom, two-bathroom manager's living quarters. The hotel underwent extensive renovations between 2022 and 2023, culminating in the completion of the DAWN PIP in July 2023. Notably in 2023 the property won the President’s Award from Days Inn. Amarillo, Texas, serves as a major economic hub in the Texas Panhandle, with a population of about 200,000 residents. Known as the "Yellow Rose of Texas," the city boasts a diverse economy supported by key industries such as agriculture, energy, manufacturing, and healthcare. Its strategic location along Interstate 40, a major east-west transportation corridor, solidifies its role as a central center for commerce, logistics, and distribution. The city offers a central position with access to major markets and key regional borders. Amarillo is approximately 365 miles from Dallas and 600 miles from Houston, placing it within a reasonable distance for travelers and business professionals from these significant urban centers. The city is about 640 miles from El Paso, providing connectivity to the Texas-Mexico border and international trade routes. Additionally, Amarillo's proximity to Oklahoma City (about 260 miles), Denver (around 600 miles), and Albuquerque (about 340 miles) further enhances its appeal. With nearby borders including New Mexico (approximately 100 miles), Colorado (about 280 miles), and Oklahoma (around 80 miles), Amarillo presents a strategic location for hotel investment, offering potential for high occupancy rates driven by its accessibility to diverse regional destinations. The economic landscape in Amarillo is influenced by several major employers that drive both employment and hotel demand. Tyson Foods, Inc., located 18.6 miles away, operates a large beef processing plant, making it a significant local employer. The dairy industry in Texas has grown substantially, with a 67% increase in its dairy cattle, positioning the state to potentially become the third largest in dairy production, trailing only Idaho, Wisconsin, and California. The dairy industry in Texas, particularly in the Panhandle, is set for continued growth due to strong exports and affordable land prices. This expansion is further underscored by the recent opening of Cacique Foods' (7.5 miles) new 200,000 sq. ft. cheese plant in Amarillo, which is expected to create 200 new jobs and drive further economic activity in the area. Other major employers include the Pantex Plant, 29.5 miles away, which is the nation’s primary facility for nuclear weapons assembly and maintenance, and Bell Helicopter Textron, located 12.8 miles from the property, which plays a crucial role in defense and aerospace. These employers contribute to a steady demand for hotel accommodation from business travelers and industry professionals. Amarillo is also a regional healthcare center, with prominent facilities near the Hotel, including BSA Health System (0.4 miles to BSA Harrington Cancer Center and 0.7 miles to BSA Hospital) and Northwest Texas Healthcare System (0.8 miles away). These healthcare providers draw patients, medical professionals, and visitors, increasing the need for nearby accommodations. The property benefits from its proximity to Amarillo's diverse cultural and tourist attractions. Cadillac Ranch (4.1 miles), a popular public art installation, and Palo Duro Canyon State Park (26 miles), known as the "Grand Canyon of Texas," are major draws. The Tri-State Fair Grounds (8.7 miles), hosting events such as the Tri-State Fair, livestock exhibitions, and rodeos, brings around 300,000 visitors each year. Additionally, the Amarillo Zoo (7.3 miles) and educational institutions like Amarillo College (4.9 miles) and West Texas A&M University (14.9 miles) both with enrollments of around 10,000 annually, further contribute to local hotel demand. The hotel’s Revenue Per Available Room (RevPAR) has shown consistent improvement following the completion of recent renovations. New investors are positioned to benefit from this ongoing upward trend in business, with the added advantage of acquiring a turnkey asset priced below replacement cost.