Value Add Hotel | Amarillo, TX

Highlights:

• AUCTION OPPORTUNITY: Vacant 104-room hotel offered well below replacement cost
• Prime Interstate 40 Location: Situated along Interstate 40, one of the nation’s most heavily traveled east–west corridors
• Large-Scale Meeting & Event Space: Approximately 5,643 square feet of meeting and banquet space including a ballroom with capacity for over 900 guests
• Extensive Owner’s Quarters: Multi-room owner’s suite that can be converted back to guest rooms or repurposed for alternate uses
• Future Economic Catalyst: Positioned to benefit from the planned Fermi America AI campus development in Amarillo
• Recent Capital Improvements: HVAC system replaced in 2021 with additional updates completed through 2022

Description:

Ri Marketplace Online Auction March 2-4, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2944/value-add-hotel-amarillo-tx?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2944

The Property consists of a two-story, limited-service hotel originally constructed in 1968 and renovated in 2022. The Hotel is situated on approximately 3.29 acres and features 104 guest rooms, including manager accommodations, with a total of 160 on-site parking spaces. The Property also includes approximately 5,643 square feet of meeting and banquet space, a full-service restaurant with commercial kitchen, bar and lounge area, and extensive back-of-house facilities. The Hotel ceased operations in January 2025 and is currently vacant, providing investors with a clean slate for repositioning, renovation, or redevelopment.

The Property’s location along Interstate 40 provides excellent regional accessibility and visibility, supporting a wide range of potential lodging, event, or alternative-use strategies. Amarillo serves as a regional economic hub for the Texas Panhandle, with demand drivers including logistics, manufacturing, healthcare, education, and tourism. The city is also positioned to benefit from future economic growth tied to large-scale development initiatives, including the proposed Fermi America AI campus. Amarillo’s central location, strong transportation infrastructure, and diverse employment base support long-term demand fundamentals for hospitality and commercial real estate assets in the market.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: