208 Nueces St - Hospitality FOR SALE


George West, TX 78022
$2,900,000 USD
818-851-3314
208 Nueces St, George West, TX for Sale
$2,900,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

208 Nueces St
George West, TX 78022


HIGHLIGHTS

  • 50 Units, Original Owner Built the Hotel in 1998, Priced to Sell at a 3x Revenue Multiplier and $58,000 per Unit
  • Perfect Opportunity for Owner/Operator with 3 Bed 2 Bath Onsite Manager's Apartment
  • Trailing Twelve Month Revenue through July 2025: $1,102,185.78, Seller Financing may be Available to Qualified Buyer with 25% Down
  • Excellent Condition - Qualifies for Best Western Membership Auto-Transfer
  • 8 Single-Bed & 2 Double-Bed Executive Leased Apartments Available Separately for an Additional Asking Price of $1,100,000
  • Strategically Located off US-59 Highway between San Antonio and Corpus Christi

OVERVIEW

The Best Western in George West, Texas, is a 50-room, two-story, exterior corridor hotel, ideally situated off Highways 59 and 281 midway between San Antonio and Corpus Christi. This well-maintained property is current on requirements from Best Western, and has also recently made upgrades, including new Dormakaba electronic locks. The hotel features a spacious on-site manager's quarters on the second floor of the lobby that consists of three bedrooms and two bathrooms, making it ideal for an owner-operator. The hotel continues to perform well, generating $965,660.48 in trailing twelve-month revenue through July. Built in 1998, it has remained under the same ownership since construction. Property amenities include a fitness center, meeting room, breakfast room, and outdoor pool. Available separately, located behind the hotel and adjacent to the neighboring restaurant, are 8 single-bedroom units and 2 newly built double-bed executive apartments, which produced $133,529.99 in lease revenue during 2024. (The restaurant sits on a separate parcel and is not included in the sale.) The Owner is open to offers for the apartments included in the sale at an additional asking price of $1,100,000. Otherwise, electricity is already on a separate panel, and the Seller would figure out moving the water and other utilities along with a lot split to accommodate a hotel sale separately. Located in a welcoming rural town with a population of approximately 2,500, George West offers a friendly atmosphere and convenient access to several local attractions. Nearby points of interest include Choke Canyon Reservoir, Lake Corpus Christi, Natural Bridge Caverns, the Grace Armantrout Museum, Live Oak County Museum, Buck West House, and Coleto Creek Park and Reservoir, among others.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$58 USD /SF

# OF ROOMS

50

PRICE/ROOM

$58,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western George West Executive Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.7 AC

LAND SF

161,172 SF

ZONING

Commercial

APN/PARCEL ID

2300-0036-0015-00

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.