CLICK HERE: Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: Auction Dates: March 2 - March 4, 2026 - Starting Bid: $300,000
- Auction Opportunity: 104-room vacant hotel offered via auction, allowing acquisition at a significant discount to replacement cost.
- Prime Interstate 40 Location: Exceptional visibility and access with proximity to Downtown Amarillo and the regional airport.
- Extensive Owner’s Quarters: Multi-room residential-style living space with potential to convert back to guest rooms or staff housing.
- Future Economic Catalyst: Located within driving distance of the planned Fermi America AI and energy campus, supporting long-term lodging and workforce demand.
- Recent System Upgrades: Central HVAC installed in public areas in 2021; property updated through 2022.
- Value-Add Repositioning Potential: Hotel shut down January 2025; opportunity to reactivate, redevelop, or repurpose with flexible layouts and strong physical bones.
- Large-Scale Event Infrastructure: Over 5,643 SF of meeting space including a 900+ capacity banquet hall with stage, dance floor, bar, and full commercial kitchen.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Amarillo Vacant Hotel (‘Hotel’ or ‘Property’) located at 2915 East Interstate 40 in Amarillo, Texas. The limited-service Hotel is being offered via auction on March 2-4, 2026, presenting investors with a rare opportunity to acquire a large-format hospitality asset at a basis significantly below replacement cost.
Originally constructed in 1968 and substantially updated through 2022, the Hotel was shut down in January 2025, creating a compelling value-add and repositioning opportunity for new ownership. The economy Hotel features 104 rooms (including manager accommodations) across two stories and is situated on a 3.29-acre parcel with 160 parking spaces. With an indoor pool, commercial laundry room, and high ceilings in the lobby and pool areas, the Property offers an extensive array of common area amenities rarely found in economy-scale hotels, including over 5,643 square feet of meeting and banquet space and a 900+ capacity ballroom with a dance floor and stage. Moreover, the Hotel operates a full-service restaurant area with commercial kitchen, walk-in cooler and freezer, bar and lounge with dance floor, and a secondary breakfast kitchen.
The Property also includes substantial on-site owner’s quarters, featuring a private living room with washer and dryer and four upstairs rooms that can be converted back to guest rooms. The upper-level configuration currently includes two bedrooms, three bathrooms, a full-size kitchen, and formal dining room, with one bathroom converted to pantry use but easily reversible. This layout provides flexibility for owner-operators, extended-stay use, staff housing, or room count expansion.
Strategically located along Interstate 40, the Hotel benefits from exceptional visibility and access, positioned approximately five minutes from Downtown Amarillo and nine minutes from Rick Husband Amarillo International Airport. The Property is near key regional attractions and demand generators including major rodeo events, festivals, and the American Quarter Horse Hall of Fame & Museum, in addition to other tourism draws that support transient lodging demand. Amarillo is also positioned for future economic expansion, highlighted by the planned Fermi America development, which is expected to become the world’s largest energy-driven artificial intelligence campus, located approximately 28 minutes from the Property. This large-scale project has the potential to generate significant long-term lodging demand from construction crews, engineers, contractors, and visiting professionals tied to advanced energy and technology infrastructure.
Amarillo is the economic, cultural, and transportation hub of the Texas Panhandle, serving as a regional center for commerce, healthcare, education, and tourism. Positioned along historic U.S. Route 66 and at the crossroads of major highways like Interstate 40 and Interstate 27, the city plays a critical role in connecting West Texas with New Mexico, Oklahoma, and Colorado. In addition to major thoroughfares, Rick Husband Amarillo International Airport provides commercial air service with connections to major hubs, supporting both business travel and tourism. Amarillo’s strong rail connectivity further enhances its role as a logistics and distribution center for the Panhandle and surrounding regions. Amarillo’s identity blends Western heritage with modern industry, drawing visitors to iconic attractions such as Cadillac Ranch, the Route 66–Sixth Street Historic District, and the American Quarter Horse Hall of Fame & Museum. The city also serves as the primary gateway to Palo Duro Canyon State Park, the second-largest canyon in the United States, which attracts outdoor enthusiasts year-round for hiking, biking, camping, and trail riding. Additionally, the city maintains an extensive park system with amenities for aquatics, athletics, and outdoor recreation, as well as the Amarillo Zoo. Local entertainment, museums, festivals, and a revitalized historic downtown contribute to a vibrant community atmosphere.
