Canada tickets trio of Amarillo hotels for $31 millionCanada tickets trio of Amarillo hotels for $31 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=25912014-11-04T07:25:00Z2014-11-04T00:00:00Z

AMARILLO - American Hotel Income Properties REIT LP has acquired three Amarillo hotels for an aggregate purchase price of $31.4 million, or approximately $107,000 per room.

The 293-guestroom portfolio includes:

 — Holiday Inn Amarillo West Medical Centre hotel;

— Fairfield Inn & Suites Amarillo Airport hotel; and

— Sleep Inn & Suites West Medical Centre hotel.

The properties are all less than five years old and situated on the I-40 corridor between Oklahoma City and Albuquerque and the US-287 corridor between Dallas and Denver.

The properties cater primarily to corporate travelers seeking select-service lodging.

The hotels will be managed by Tower Rock Hotels & Resorts Inc.

http://www.prnewswire.com/news-releases/american-hotel-income-properties-reit-lp-announces-completion-of-us314-million-texas-portfolio-acquisition-280585272.htmlRead more at {Source}

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