KAMP Hotels Acquires 107-Room Courtyard Amarillo Downtown From Summit Hotel Properties
724 South Polk Street
Building Size
—
Asset Type
Hotel
Closing
Nov 18, 2025
AI
The Courtyard Amarillo Downtown, located at 724 South Polk Street in Amarillo, features 107 rooms and offers amenities such as a business center, fitness center, and an onsite restaurant. The building, which dates back to 1928, was converted into a hotel in 2010 and has been sold from Summit Hotel Properties to KAMP Hotels.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Undisclosed
- Buyer: KAMP Hotels
- Seller: Summit Hotel Properties
- Brokerage Firm: Hunter Hotel Advisors
- Brokers: Mason McDavid & Kami Burnette
- Keys: 107
- Market: Amarillo
Mason McDavid and Kami Burnette represented the brokerage firm Hunter Hotel Advisors in the transaction, successfully facilitating the sale between the buyer, KAMP Hotels, and the seller, Summit Hotel Properties.
Players
Amarillo Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93