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29870289
29870290

4519 Canyon Dr, Amarillo, TX 79110

$2,200,000
98 days on market
Updated 22 days ago

Budget Inn & Suites

Details
Property Type Hospitality
Sub Type Motel
Square Footage 27,720
Keys 40
Price per SqFt $79
Year Built 1964
Year Renovated 2018,2019,2021,2022
Stories 2
Sale Condition For sale by owner

Turnkey 40-room Independent Motel

Marketing description

Exceptional opportunity to acquire a 40-room independent motel located at 4519 Canyon Drive in Amarillo, Texas. This turnkey hospitality asset is being offered as a going-concern sale, including real estate and business operations.

The property has undergone significant recent improvements, including:

  • Fully remodeled guest rooms

  • New roofing

  • New plumbing

  • New electrical panels

These capital improvements substantially reduce near-term deferred maintenance and provide operational stability for a new owner.

Strategically positioned with strong accessibility and within walking distance to a Circle K gas station and nearby retail conveniences, the motel serves both transient travelers and extended-stay guests. The independent status allows for operational flexibility with no franchise fees or brand transfer requirements, increasing margin potential.

Investment Highlights:

  • 40 guest rooms

  • Recent major capital upgrades

  • Independent (no franchise restrictions)

  • Established operating business

  • Value-add opportunity through revenue optimization

  • Ideal for owner-operator or hands-on investor

This property presents a compelling opportunity to acquire a stabilized hospitality asset with upside potential in the Amarillo market.

Investment highlights

  • 40-Room Independent Motel – Established hospitality asset with operational history

  • Going-Concern Sale – Includes real estate, FF&E, and business operations

  • Recently Renovated Rooms – Modernized interiors enhance guest appeal and ADR potential

  • Major Capital Improvements Completed

    • New roofing

    • New plumbing

    • New electrical panels

      (Reduces near-term capital expenditure risk)

  • High-Visibility Location – Canyon Drive, Amarillo, TX

  • Walking Distance to Circle K & Retail Amenities – Convenience factor for guests

  • No Franchise Fees or Brand Transfer Restrictions – Full operational flexibility

  • Owner-Operator Upside – Opportunity to increase occupancy and optimize revenue management

  • Strong Cash Flow Potential – Hospitality asset in steady Texas market

  • Value-Add Opportunity – Revenue growth through improved marketing, OTA management, and rate optimization

Listing Contacts

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