• #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