2100 Cinema Dr - Hospitality FOR SALE


Amarillo, TX 79106
$5,200,000 USD
661-978-3109
2100 Cinema Dr, Amarillo, TX for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/34
null | 5.4% Cap Rate

2100 Cinema Dr
Amarillo, TX 79106


HIGHLIGHTS

  • • PIP as ESA $7,000 per room
  • • Opportunity to Up brand to Candlewood by IHG
  • • 92 All Suite Rooms with Kitchenettes Extended Stay Hotel
  • • High upside | Market Leader in OCCCUPANCY (80% Plus last 3 years)
  • • Tremendous ADR & Revenue Upside through PIP renovations (Currently $21 Below Comp set in ADR)
  • • Prime Location | Diverse Demand

OVERVIEW

• #1 in Market Occupancy: The hotel leads its 8-property competitive set, maintaining top performance even during seasonal downturns, with peak months (March, June, and December) proving its stability. • Prime Location & Diverse Demand: Surrounded by Westgate Mall, restaurants, and entertainment, the hotel attracts I-40 travelers, corporate guests, medical professionals, and energy sector workers, ensuring consistent occupancy. • High-Value Conversion Opportunity: Buyers can maintain the Extended Stay America brand with a $736K PIP for incremental ADR growth or convert to Candlewood Suites with a $2M–$2.3M PIP, unlocking higher ADRs ($90-$95) and $2.3M+ in projected revenue. • Amarillo’s Expanding Economy: Major developments, including the Sage Oil Plant, City Hall Renovation, and I-40 infrastructure project, will drive new demand, increasing the need for extended-stay lodging. • Strategic Portfolio Sale: The seller is gradually divesting assets to reinvest in future projects, presenting a rare opportunity to acquire a market-leading hotel with strong revenue potential Nitigna Naik Texas Broker of Record: P: 661.978.3109 E: Deals@HBofAmerica.com TX DRE #735690

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$125 USD /SF

# OF ROOMS

92

PRICE/ROOM

$56,522 {currency}

CAP RATE

5.4%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Extended Stay America Suites Amarillo - West,

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

HC

APN/PARCEL ID

R-005-7540-0520-0

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.