The Hampton Inn & Suites Amarillo West is located directly proximate to I-40 which recently completed a $50 million upgrade to increase traffic volume. The Hotel is proximate to numerous demand generators including Amarillo’s Medical District, Tyson Foods, Pantex, Amarillo Zoo, Amarillo Botanical Gardens, Tri-State Fair & Rodeo, American Quarter Horse Hall of Fame Museum and the Wonderland Amusement Park.
Spark Conversion Opportunity
Upon completion of the sale, ownership has the opportunity to execute a Spark conversion, keeping the hotel within the Hilton franchise and maximizing top line performance. The offering presents the unique opportunity to acquire a new institutional Hilton-branded product that is currently unavailable in the market. Alternatively, new owner can exit the Hilton system and pursue other franchise options. Alternatively, new owner can exit the Hilton system and pursue other franchise options including Wyndham Garden.
Cash Flowing Asset
The Hampton Inn & Suites Amarillo West is producing strong cash flows, achieving a RevPAR of $106.17 as of TTM August 2023 and is a top performing asset with regard to the Hotel’s competitive set.