Amarillo, Texas hotel market shows strength

Two hotels costing a combined $16 million are set to be built in Amarillo, Texas, a sign of a strengthening market writes Hoteliers Dipak and Sangita Patel plan construction of a Hampton Inn & Suites and a Holiday Inn with a restaurant and convention space on a 12.5-acre site.

According to the article, the Hampton Inn and Holiday Inn properties will be the second and third hotel projects launched since last fall, when construction started on a $6.2-million Home2 Suites by Hilton.

Amarillo’s hotel market reportedly sold 1.4 million rooms in 2013, a 7.8-percent increase over 2012, said Jan Freitag, VP of STR.


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The market experienced 3 percent and 2 percent year-over-year increases in 2012 and 2011, according to STR statistics.

The average occupancy in the Amarillo market last year was 61.7 percent, a 5-percent gain over 2012, Freitag said.

The 127-room Hampton is slated to open in the first quarter of 2016.

The Holiday Inn West Medical Center is adjacent to the Home2 Suites construction site.