Olle Hotel

Flatonia, Texas
www.ollehotel.com
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Property Type
Bed & Breakfast / Inn
Guest Rooms
12
Baths
13
Restaurant
No
Owners Quarters
Yes
Asking Price
$795,000

Occupancy Rate
NA%
Average Daily Rate
NA
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

The Olle Hotel is a beautifully restored and fully furnished historic Hotel ready to operate, with a great reputation and guest list. The Olle Hotel has a Texas Historical Marker and is located in the town's National Historic District. The hotel offers 12 bedrooms and 13 bathrooms along with a private owners cottage on site called the Olle Cottage ( 589 SQ FT) .


Property Description

The Hotel has retained its long leaf pine floors, historic doors , lead glass windows and trim. The Hotel has a large front porch, 5 guestrooms downstairs with bathrooms, also a separate public bath room, a den room, a Living room, a kitchen and a breakfast room. Upstairs there are 7 guestrooms with bathrooms and 2nd porch. The hotel has a guest house in the back which is currently used for lodging but could be an owner's quarters. The hotel also has two commercial washers and two commercial dryers along with 3 household washers and 3 household dryers, all included with the sale.


Business Description

An Historic hotel located in a peaceful small Texas town. Walking distance to a bistro restaurant, Wine House and Theater. A safe and charming community with a great school a few blocks away. The Hotel is close to the famous Painted churches, the Shiner brewery, several Wineries along with many local festivals and events within a 30 mile radius. Business has potential to make much more revenue by accepting walk up traffic and extending the season. The hotel has been features in 5 magazines and two travel books. The Olle Hotel has earned 5 star ratings and has hosted many repeat guests.


Reason for Selling

The owner loves the work and guests but now would like to sell for health reasons.


Terms & Asking Price