Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Americas Best Value Inn & Suites Vega, a two-story limited service hotel located in Vega, Texas, just 40 miles West of Amarillo, along the world famous Route 66 and Interstate 40 and 14k+ daily travelers (per TXDOT). The Amarillo MSA is home to 4 colleges (West Texas A&M, Texas Tech Health Sciences, Waylan Baptist and Amarillo), major medical centers serving a 2-3 hour radius, an international airport, PanTex (Nations primary assembly, disassembly, retrofit and life-extension center for nuclear weapons), and major food producers. The hotel's 40 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. With over 7 acres, there is ample parking for trucks and trailers, along with plenty of excess land for future development. The Americas Best Value Inn & Suites Vega represents the opportunity to acquire a well maintained franchised hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Texas Panhandle. The property includes fully equipped onsite living quarters, featuring a full kitchen, dining area, living room, office, 3 bedrooms, and 1.5 bathrooms. It has previously been approved for conversion to a Motel 6 with minimal PIP requirements.