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- LoopNet Team
207 US Highway 77 S
Hallettsville, TX 77964
Best Western Executive Inn · Hospitality Property For Sale
·
44,602 SF
INVESTMENT HIGHLIGHTS
- 33-Room, Two-Story, Exterior Corridor Hotel Built in 2005
- Located in Eagle Ford Shale, Presenting Multiple Oil and Gas Contract Opportunities
- Implementation of Improved Revenue Management Will Increase Overall Pro?tability
- Priced Below Replacement Cost at $40,909 Per Key
- Recently Renovated - Minimal PIP Expected at Sale
- Onsite Owner's Apartment with 5 Bedrooms and 3 Bathrooms
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2019 |
| Building Class | B | Parking Ratio | 0.87/1,000 SF |
| Lot Size | 2.74 AC | Corridor | Exterior |
| Building Size | 44,602 SF | ||
| Zoning | PCT1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.74 AC |
| Building Size | 44,602 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1998/2019 |
| Parking Ratio | 0.87/1,000 SF |
| Corridor | Exterior |
| Zoning | PCT1 |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 207 US HIGHWAY 77 S , HALLETTSVILLE, TX 77964
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.
PROPERTY TAXES
| Parcel Number | R2489 | Improvements Assessment | $905,091 |
| Land Assessment | $126,130 | Total Assessment | $1,031,221 |
PROPERTY TAXES
