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815 S US Highway 281
Alice, TX 78332
OYO Hotel Alice TX Hwy 281 West · Hospitality Property For Sale · 16,838 SF

INVESTMENT HIGHLIGHTS

  • Frontage on Bus 281
  • Bar leased
  • Banquet Hall
  • Restaurant with full kitchen
  • 2 managers quarters

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.36 AC
Building Size 16,838 SF
No. Stories 2
Year Built/Renovated 1965/2020
Parking Ratio 7.13/1,000 SF
Corridor Exterior
Zoning C - commercial/hospitality

AMENITIES

  • Pool
  • Patio
  • Public Access Wifi

ABOUT 815 S US HIGHWAY 281 , ALICE, TX 78332

OYO Hotel property located at 815 S Hwy 281 in Alice, Texas. The hotel features a total of 95 rooms, along with additional amenities such as a restaurant, banquet hall, bar, and pool. These facilities provide opportunities for revenue generation through various channels, including room reservations, on-site dining, and hosting events. The hotel was originally built in 1965. While it has been well-maintained, some areas are in need of updates to enhance the overall guest experience and remain competitive in the market. These updates can range from cosmetic improvements to more extensive renovations, as deemed necessary. The property encompasses 4.3 acres of land. This allows for the possibility of increasing the number of available rooms or adding new amenities to further attract guests. In conclusion, the hotel at 815 S Hwy 281 in Alice, Texas presents an exciting investment opportunity in the hospitality industry. With its 99 rooms, restaurant, banquet hall, bar, and pool, the hotel has significant potential for revenue generation. While some updates may be required, the hotel's location, 45 miles West of Corpus Christi, and existing amenities make it a promising investment. With proper management and strategic improvements, this hotel can cater to both business and leisure travelers, contributing to its long-term success and profitability.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11101-027-000-00
Land Assessment
$0
Improvements Assessment
$155,853
Total Assessment
$155,853
  • Listing ID: 29602881

  • Date on Market: 9/22/2023

  • Last Updated:

  • Address: 815 S US Highway 281, Alice, TX 78332

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