217 S River St
Seguin, TX 78155
Retail Property For Sale

Investment Highlights: 30-Unit, Luxury Independent Hotel in Downtown Seguin, Texas Banquet and Meeting Facilities with Over 6,000 Square Feet Full Service Bar and Restaurant - Chop House Bar and Grill Excellent Location Downtown with Easy Access to Highway 90 and Interstate 10 Qualifies for Choice's Ascend Hotel Collection - Minimal Conversion PIP Investment Overview: The Park Plaza Seguin Hotel & Chop House is a fully renovated historic hotel and restaurant that recently opened in December 2015. The hotel officially opened in March 2016 and is continuing to ramp up. The hotel is absentee owned and offers an experienced hands-on owner/operator the opportunity to improve top line revenue, and more importantly, to control costs, build in efficiencies and improve the operating margin at the hotel. The bar and restaurant is currently being operated by the existing owners however the space is on the market to be potentially leased should a new owner decide they do not want to manage the food and beverage side of the operations. Park Plaza Hotel is a charming five-story property steeped in 100 years of rich history and tradition. Designed by Texan architect Leo M.J. Dielmann, Dielmann, one of the most successful architects of his time, the hotel was originally opened in 1917 and was a point of pride for the approximately 5,000 locals who called Seguin home. The property has changed hands many times over the years. It has been used as a dormitory for Texas Lutheran College, was an apartment building between 1964 and 1978 and was converted into an office building in the 1980s. In 1979, Park Plaza Hotel Seguin rightfully earned a spot on the National Register of Historical Places. Renovations by award winning designer Kathy Anderson are breathing life back into this elegant full scale boutique hotel with Dielmann's original drawings being used for inspiration. While keeping the flavor of the early 20th century architecture, modern touches and amenities have been added throughout the hotel and rooms. The original crown molding, banisters and flooring were restored and blend tastefully with the new d‚cor. Located in the center of what is now known as the Historic Downtown District, The Park Plaza Hotel Seguin is standing tall just as it was a century ago, welcoming visitors and locals to enjoy all it has to offer. Visit the property website for more inf