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2720 E Hwy 290
Dripping Springs, TX 78620
Sleep Inn & Suites · Hospitality Property For Sale
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57 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2011 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.28 AC | Parking Ratio | 1.68/1,000 SF |
| Building Size | 32,642 SF | Corridor | Interior |
| No. Rooms | 57 | ||
| Zoning | MF3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.28 AC |
| Building Size | 32,642 SF |
| No. Rooms | 57 |
| No. Stories | 3 |
| Year Built | 2011 |
| Tenancy | Single |
| Parking Ratio | 1.68/1,000 SF |
| Corridor | Interior |
| Zoning | MF3 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ABOUT 2720 E HWY 290 , DRIPPING SPRINGS, TX 78620
Affluent Dripping Springs is known as the “Wedding Capital of Texas”. It is located 23 miles west of Austin, the Texas State Capital, on Interstate 290. There are numerous popular wedding venues located in Dripping Springs including The Terrace Club, Camp Lucy, La Hacienda, Ma Maison, Memory Lane Event Center, Pecan Springs Ranch, Stonehouse Ranch, Stonehouse Villa, Vista West Ranch and many others. Couples from all over the world come to scenic Dripping Springs to marry – along with their wedding parties. Wedding parties often book rooms two years or more in advance providing steady, stable income for the hotel. The town of Dripping Springs and the surrounding area is a tourist destination also known for its breweries, distilleries and wine industry which flourishes due to its subtropical climate. The Dripping Springs Independent School District is highly regarded. The Sleep Inn is highly visible from Interstate 290. A new large restaurant and bar in being built adjacent to the hotel. A new shopping center is under construction nearby. The Sleep Inn has been very well maintained and is in excellent condition. Total building square footage is 32,632 (+/-) square feet. We expect an experienced multi property owner will find many ways to reduce operational costs. Please contact us at your convenience to arrange a tour of this very special property.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 14 | $196.00 | - |
| Guest Room | 43 | $171.00 | - |
PROPERTY TAXES
| Parcel Number | R131546 | Improvements Assessment | $3,268,656 |
| Land Assessment | $1,010,370 | Total Assessment | $4,279,026 |
PROPERTY TAXES
