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218 S Market St
Flatonia, TX 78941
Historic Hotel · Hospitality Property For Sale · 15 Rooms

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Investment Highlights

  • Recorded Texas Historic Landmark Iconic early-1900s brick hotel recognized by the Texas Historical Commission.
  • Centrally positioned in Flatonia along the I-10 corridor, providing convenient access between Houston, San Antonio, and Austin.
  • Classic brick construction, tall ceilings, wide porches, and period details paired with updated infrastructure, creating a rare blend of authenticity.
  • Fully restored and operating historic hotel with approximately 12 guest rooms plus a private cottage.
  • Income potential from overnight lodging, extended stays, private cottage rentals, group bookings, retreats, and special events.

Executive Summary

The Olle Hotel is a rare opportunity to acquire a Recorded Texas Historic Landmark boutique hospitality asset in the heart of Flatonia, Texas. Originally constructed in the late 1800s and operated as a hotel since the early 1900s, the property has been thoughtfully restored and maintained to preserve its historic character while supporting modern lodging operations. The property is currently configured with approximately 12 guest rooms plus a detached private cottage, offering flexibility for short-term stays, extended stays, owner-operator use, or group/event bookings. Architectural features include classic brick construction, tall ceilings, period details, and a wide porch, all contributing to its strong destination appeal. Strategically located along the I-10 corridor between Houston, San Antonio, and Austin, the hotel benefits from regional drive-to tourism, heritage travelers, and event-based demand. The asset presents multiple revenue streams and upside potential through expanded marketing, events, retreats, or operational efficiencies. Offered as a turn-key hospitality investment or ideal for an owner-operator seeking a unique historic property with established presence and long-term value.

Property Facts

Price Per Room $53,333
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.52 AC
Building Size 6,477 SF
No. Rooms 15
No. Stories 2
Year Built/Renovated 1901/2004
Corridor Interior
Zoning Central Business District - Located in National Historic District

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 3 $239.00 -
Guest Room 12 $134.00 -

Property Taxes

Property Taxes

Parcel Number
R27702
Land Assessment
$39,260
Improvements Assessment
$705,480
Total Assessment
$744,740
  • Listing ID: 39257110

  • Date on Market: 1/29/2026

  • Last Updated:

  • Address: 218 S Market St, Flatonia, TX 78941

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