Premium AAA Four Diamond and Select Registry 18 room boutique hotel/inn situated on 38 acres near Fredericksburg, TX, in the heart of the Texas Wine Country. Been in business for 20 years, with a huge loyal customer base. Main house contains spacious common areas downstairs with a large dining room and large professional kitchen. 8 buildings with guest accommodations. Almost all rooms have gorgeous views looking out across the Pedernales River Valley. Situated directly in the center of approx. 30 nearby wineries, and in easy driving distance of both Austin and San Antonio Tx. Located 3 miles off HWY 290, close enough for easy travel but remote enough for real peace and quiet. 15 min drive from Fredericksburg, TX, which gets over 1.5 million tourists/year. Property also sports 2,000 sq. ft. two-story innkeeper's house and two 700 sq. ft. apartments for employees or rental. About half of the land is property tax exempt due to agricultural exemption (grass/grazing).
Highest and best use would be expansion with more rooms, reopening our dinner service in the restaurant, adding a pool and full-service spa. WE are outside the Fredericksburg city limits so very little zoning or permitting required to expand or build. Owners just want to retire and have scaled back operations, but the opportunities are definitely there. Could also easily open a winery and tasting room at a low cost investment and could also plant a vineyard.
Potential for partial low cost owner financing in right situation to right persons or company.