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Off Market
1/21

207 US Highway 77 S
Hallettsville, TX 77964


HIGHLIGHTS

  • 33-Room, Two-Story, Exterior Corridor Hotel Built in 2005
  • Priced Below Replacement Cost at $40,909 Per Key
  • Located in Eagle Ford Shale, Presenting Multiple Oil and Gas Contract Opportunities
  • Recently Renovated - Minimal PIP Expected at Sale
  • Implementation of Improved Revenue Management Will Increase Overall Pro?tability
  • Onsite Owner's Apartment with 5 Bedrooms and 3 Bathrooms

OVERVIEW

Property Overview: The Best Western Executive Inn Hallettsville is a midscale, 33-room, two-story property. This exterior-corridor hotel accommodates regular guests that are employees of Exxon Oil, Lavaca Medical Center, Lavaca County Exposition Center, and the Lavaca County Courthouse. All rooms include a ?at-screen television, microwave, and refrigerator. In addition, the common area amenities are an outdoor pool, hot tub, and picnic area with barbecues. Location Overview: Hallettsville, Texas is in the southeastern part of the state and the largest town of Lavaca County. The investment property is located on 707 US Highway 77 and in a region with diverse industries. The county's major economic drivers are agriculture, oil and gas production, and various manufacturing operations. The Lavaca Medical Center (1.9 miles) is in close proximity to the property and has been recognized as the Texas Hospital Quality Improvement Gold Award which is given every two years. Education also has a presence in the region including Blinn College at Schulenberg (17 miles) which offers year-round scholastic events as well as technical programs for continued learning. In addition, attractions to the region include hunting, ?shing, spring wild?ower trails, the Speztl Brewery in Shiner, and festivals. The Kolache Fest is hosted each September and over 3,000 visitors attend annually.

FOR SALE DETAILS

PRICE

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# OF ROOMS

-

CAP RATE

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BUILDING DETAILS

PROPERTY NAME

Best Western Executive Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

44602

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

39

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

PCT1

APN/PARCEL ID

R2489