815 Us Highway 281, Alice, TX 78332
95 Room Hotel | Alice, TX 78332 | $1,650,000 ($17,368/Room)
For Sale
Active
Asking Price $1,650,000
- Property Type
-
Hospitality
- Square Feet
- 16,838 SF
Listing Contacts
Cynthia Joseph
Jeffrey Joseph
Property Overview
OYO Hotel property located at 815 S Hwy 281 in Alice, Texas. The hotel features a total of 95 rooms, along with additional amenities such as a restaurant, banquet hall, bar, and pool. These facilities provide opportunities for revenue generation through various channels, including room reservations, on-site dining, and hosting events.
The hotel was originally built in 1965. While it has been well-maintained, some areas are in need of updates to enhance the overall guest experience and remain competitive in the market. These updates can range from cosmetic improvements to more extensive renovations, as deemed necessary.
The property encompasses 4.3 acres of land. This allows for the possibility of increasing the number of available rooms or adding new amenities to further attract guests.
In conclusion, the hotel at 815 S Hwy 281 in Alice, Texas presents an exciting investment opportunity in the hospitality industry. With its 99 rooms, restaurant, banquet hall, bar, and pool, the hotel has significant potential for revenue generation.
While some updates may be required, the hotel's location, 45 miles West of Corpus Christi, and existing amenities make it a promising investment. With proper management and strategic improvements, this hotel can cater to both business and leisure travelers, contributing to its long-term success and profitability.
The hotel was originally built in 1965. While it has been well-maintained, some areas are in need of updates to enhance the overall guest experience and remain competitive in the market. These updates can range from cosmetic improvements to more extensive renovations, as deemed necessary.
The property encompasses 4.3 acres of land. This allows for the possibility of increasing the number of available rooms or adding new amenities to further attract guests.
In conclusion, the hotel at 815 S Hwy 281 in Alice, Texas presents an exciting investment opportunity in the hospitality industry. With its 99 rooms, restaurant, banquet hall, bar, and pool, the hotel has significant potential for revenue generation.
While some updates may be required, the hotel's location, 45 miles West of Corpus Christi, and existing amenities make it a promising investment. With proper management and strategic improvements, this hotel can cater to both business and leisure travelers, contributing to its long-term success and profitability.
Property Details
- Class
- C
- Year Built/Renovated
- 1965/2020
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 189,922 SF
- Units
- 95
Highlights
- Frontage on Bus 281
- Restaurant with full kitchen
- Bar leased
- 2 managers quarters
- Banquet Hall
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