Historic Hotel & Restaurant in Hico, Texas

Hico, TX (Hamilton County)

A Piece of Texas History
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Asking Price: $2,350,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2016

Historic Hotel & Restaurant in Hico, Texas

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Business Description

A unique opportunity to own a piece of Texas history. This original hotel was built in 1879 and has been proudly refurbished in 2016 as a 14-room boutique hotel. The original stone and brick walls add to the character and charm of the building.

Located right on the main street in town and right off of the main highway, this hotel offers a great location and desirable experience for those traveling to the Texas hill country.

The restaurant and bar are being run by a well-know executive chef in the area and has received excellent reviews. This is now known as a destination stop in the area.

The kitchen has all new equipment, plenty of seating with the ability for private parties in two of the main dining areas. Three are 3 dining areas and in the bar, room for live music.

The historic renovations were meticulously done. Reclaimed original wood and flooring have been repurposed throughout the hotel. A beautiful, large lobby to greet the guests creates the perfect welcome.

The building, inventory and fixtures recently appraised at 2,800,000 which is the asking price. This really is a great investment opportunity with a business that is turn-key and ready to go.

You really need to see this in person so don't hesitate to call Paula McDonald at 946-203-0279 for more information. Paulamcdonald@magnoliarealty.com

Attached Documents


Detailed Information

Location:
Hico, TX
Inventory:
Included in asking price
Employees:
5
Facilities:
Wonderful historic hotel building in a really neat Texas town. 14 room boutique hotel rooms that are decorated perfectly. The restaurant and bar currently have an executive chef running it who is well-known in the area. Truly a unique opportunity for someone wishing to own a piece of Texas History. (Home Based)
Competition:
Hico, Texas is well situated about 85 miles SW of Ft. Worth along highly traveled roads. A fun town with many activities that bring in tourists. The hotel and restaurant are located right on the main street in town offering a great place to stop and eat or stay the night.
Reason for Selling:
Seller purchased the building, remodeled it and is now ready to sell it.
Home-Based:
This business is Home-Based
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Amber Brown

Business Listed By:
Amber Brown

Magnolia Realty

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