Americas Best Value Inn & Suites Vega

Highlights:

• Minimal PIP Needed
• Onsite Living Quarters Featuring a Full Kitchen, Dining Area, Living Room, Office, 3 Bedrooms, and 1.5 Bathrooms
• Situated on a Large 13.51- Acre Lot, With Ample Truck Parking and Excess Land for Future Development
• Ideally Located off Historic Route 66 and Interstate 40
• 30-Minute Drive to Downtown Amarillo, TX
• Nearby attractions include Dot's Mini Museum, Milburn-Price Culture Museum, Amarillo Botanical Gardens and More

Description:

Tim Speck // Broker of Record // License TX 9002994

Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.

Marcus & Millichap has been chosen to exclusively market for sale the Americas Best Value Inn & Suites Vega, a one-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 13 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 presents an opportunity to acquire a franchised hotel in a stable market near several demand drivers. Our pro forma analysis assumes the benefits of efficient operations and the renovation of 11 out-of-order rooms, along with continued modest growth supported by the increasing population and demand in the Texas Panhandle.

The ABVI brand contract expires on March 31, 2025, presenting an opportunity to operate independently or reacquire the same or a different brand.

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.


Click Here For Offering Memorandum: https://allredhotelgroup.com/?propertyId=VegaTXABVI

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