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724 South Polk Street

KAMP Hotels Acquires 107-Room Courtyard Amarillo Downtown From Summit Hotel Properties
SOLDHotel

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

Kami Burnette

Hunter Hotel Advisors

Broker

$57.5M

vol

15 deals

Broker
SP
Summit Hotel PropertiesSeller

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