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Econo Lodge Mineral Wells 108 FM 1821 54 Room Hotel Mineral Wells, TX 76067 $2,300,000 ($42,593/Room)
Investment Highlights
- Mineral Wells State park & attractions – 9 miles
- Holiday Hills Country Club - ?3 min drive????
- Lake Granbury - ?51 min drive????
- The Baker Hotel and Spa - ?2 min drive????
- Possum Kingdom Lake - ?26 min drive????
- DFW Int’l Airport – 61 miles
Executive Summary
Visit the full listing page at: https://www.tabanirealty.com/listings?propertyId=1643915-sale
The Econo Lodge Mineral Wells presents a compelling opportunity for owner/operators and investors seeking an affordable lodging asset in a growing West Texas market. This Choice Hotels-affiliated property benefits from the brand's global reservations platform and loyalty program, driving consistent occupancy from leisure travelers, outdoor enthusiasts, and regional business traffic. Mineral Wells' diverse demand generators — including Lake Mineral Wells State Park, the National Vietnam War Museum, Possum Kingdom Lake, and the historic Baker Hotel redevelopment — support year-round visitation. The property's location along US-180 provides strong highway visibility and convenient access to the Fort Worth–Dallas metroplex, just 45 miles east. With a recognized economy brand flag, low barriers to entry, and a tourism-driven market on an upward trajectory, this asset offers attractive value-add potential.
Location Description:
The Econo Lodge Mineral Wells is situated along US-180 at Garrett Morris Parkway in Palo Pinto County, approximately 51 miles west of Fort Worth. The property benefits from proximity to Wolters Industrial Park, the redeveloped former Fort Wolters military base, which houses manufacturers including PECOFacet — a filtration and separation equipment maker — along with other industrial tenants generating consistent commercial demand.
Palo Pinto General Hospital, the region's primary full-service medical facility, drives healthcare worker and patient-family stays. Outdoor tourism is a strong demand driver, with Lake Mineral Wells State Park located roughly four miles away, drawing hikers, rock climbers, anglers, and campers year-round; Penitentiary Hollow attracts climbing enthusiasts from across Texas. Heritage tourism fuels additional visitation via the Baker Hotel restoration project and the Famous Mineral Water Company. Possum Kingdom Lake, approximately 35 miles northwest, contributes weekend leisure traffic.
For higher education, Weatherford College serves nearby Parker County and Tarleton State University is located roughly 60 miles southwest in Stephenville, with both institutions generating periodic demand. Oil and gas activity across Palo Pinto County supports extended-stay contractor business. Proximity to Mineral Wells Regional Airport makes local flights easily accessible. The hotel provides an affordable base for leisure travelers, outdoor enthusiasts, and business visitors alike.
The Econo Lodge Mineral Wells presents a compelling opportunity for owner/operators and investors seeking an affordable lodging asset in a growing West Texas market. This Choice Hotels-affiliated property benefits from the brand's global reservations platform and loyalty program, driving consistent occupancy from leisure travelers, outdoor enthusiasts, and regional business traffic. Mineral Wells' diverse demand generators — including Lake Mineral Wells State Park, the National Vietnam War Museum, Possum Kingdom Lake, and the historic Baker Hotel redevelopment — support year-round visitation. The property's location along US-180 provides strong highway visibility and convenient access to the Fort Worth–Dallas metroplex, just 45 miles east. With a recognized economy brand flag, low barriers to entry, and a tourism-driven market on an upward trajectory, this asset offers attractive value-add potential.
Location Description:
The Econo Lodge Mineral Wells is situated along US-180 at Garrett Morris Parkway in Palo Pinto County, approximately 51 miles west of Fort Worth. The property benefits from proximity to Wolters Industrial Park, the redeveloped former Fort Wolters military base, which houses manufacturers including PECOFacet — a filtration and separation equipment maker — along with other industrial tenants generating consistent commercial demand.
Palo Pinto General Hospital, the region's primary full-service medical facility, drives healthcare worker and patient-family stays. Outdoor tourism is a strong demand driver, with Lake Mineral Wells State Park located roughly four miles away, drawing hikers, rock climbers, anglers, and campers year-round; Penitentiary Hollow attracts climbing enthusiasts from across Texas. Heritage tourism fuels additional visitation via the Baker Hotel restoration project and the Famous Mineral Water Company. Possum Kingdom Lake, approximately 35 miles northwest, contributes weekend leisure traffic.
For higher education, Weatherford College serves nearby Parker County and Tarleton State University is located roughly 60 miles southwest in Stephenville, with both institutions generating periodic demand. Oil and gas activity across Palo Pinto County supports extended-stay contractor business. Proximity to Mineral Wells Regional Airport makes local flights easily accessible. The hotel provides an affordable base for leisure travelers, outdoor enthusiasts, and business visitors alike.
Property Facts
| Price | $2,300,000 | Building Size | 38,814 SF |
| Price Per Room | $42,593 | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1966/2021 |
| Property Subtype | Hotel | Parking Ratio | 1.57/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.88 AC | Opportunity Zone |
Yes
|
| Zoning | F1 | ||
| Price | $2,300,000 |
| Price Per Room | $42,593 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 38,814 SF |
| No. Rooms | 54 |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2021 |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | F1 |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 54 | $62.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5245 | Improvements Assessment | $999,950 |
| Land Assessment | $315,080 | Total Assessment | $1,315,030 |
Property Taxes
Parcel Number
5245
Land Assessment
$315,080
Improvements Assessment
$999,950
Total Assessment
$1,315,030
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Econo Lodge Mineral Wells | 108 FM 1821
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