Americas Best Value Inn & Suites Vega | 1800 W Vega Blvd
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Americas Best Value Inn & Suites Vega 1800 W Vega Blvd
41 Room Hotel Vega, TX 79092 $894,177 CAD ($21,809 CAD/Room)
Investment Highlights
- Minimal PIP Needed
- Situated on a Large 7.47-Acre Lot, With Ample Truck Parking and Excess Land for Future Development
- 30-Minute Drive to Downtown Amarillo, TX
- Onsite Living Quarters Featuring a Full Kitchen, Dining Area, Living Room, Office, 3 Bedrooms, and 1.5 Bathrooms
- Ideally Located off Historic Route 66 and Interstate 40
- Nearby attractions include Dot's Mini Museum, Milburn-Price Culture Museum, Amarillo Botanical Gardens and More
Executive Summary
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 two-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 7 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 represents the opportunity to acquire a well maintained franchised hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Texas Panhandle.
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.
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 two-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 7 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 represents the opportunity to acquire a well maintained franchised hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Texas Panhandle.
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.
Property Facts
| Price | $894,177 CAD | Building Size | 42,772 SF |
| Price Per Room | $21,809 CAD | No. Rooms | 41 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1963/2010 |
| Property Subtype | Hotel | Parking Ratio | 3/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 7.47 AC |
| Price | $894,177 CAD |
| Price Per Room | $21,809 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 7.47 AC |
| Building Size | 42,772 SF |
| No. Rooms | 41 |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2010 |
| Parking Ratio | 3/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $90.51 CAD | - |
| Guest Room | 36 | $77.42 CAD | - |
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PROPERTY TAXES
| Parcel Number | 110591001000000000000 | Improvements Assessment | $643,924 CAD |
| Land Assessment | $194,587 CAD | Total Assessment | $838,511 CAD |
PROPERTY TAXES
Parcel Number
110591001000000000000
Land Assessment
$194,587 CAD
Improvements Assessment
$643,924 CAD
Total Assessment
$838,511 CAD
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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Americas Best Value Inn & Suites Vega | 1800 W Vega Blvd
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