Beautiful Victorian Hotel built in 1904, with a World-class restaurant, eight antique filled rooms with private baths and beautiful landscaped grounds with gazebo and rose gardens for the perfect weddings and receptions. The 70 seat restaurant and bar are AAA rated "3 diamonds" since 2001. Quiet country town , only 40 minutes from Texas A&M and close to I 45 about half way between Houston and Dallas. Property comes with additional land in general area. Arrington's B&B Journal readers voted the Inn "B&B/Country Inn with Best Chef" in US and Canada in 2002 and "B&B/Country Inn with Best Evening Cuisine" in 2003 and 2004. Madisonville is the county seat of Madison County and the hotel is the only state contract property in the county. Many corporations are relocating and opening new facilities in the Madisonville area. The operation employs 8 to 10 full and part time employees. The restaurant serves lunch, dinner and Sunday Brunch to the public as well as catering private functions such as weddings, banquets and parties. Sale price based on complete turn-key operation including all furnishings, fixtures, china, glassware, silver, linens, commercial kitchen equipment, and antique collection. Appraised Market Value in 2003 is $ 1,738,690.00. Asking price is $ 849,000. REDUCED FOR A QUICK SALE!!!!
Details
- Built in 1904
- 5 years as B&B
- Last renovation in 2004
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- 8 Guest Rooms
- 8 Guest Bathrooms
- 7582 sq ft
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- $749,000
- 58% annual. occ. rate
- $120.00 avg daily rate
- $343,000 gross revenue
- $16,000 room revenue
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Listing Agent
Janet Green
101 W. Montgomery
Willis, TX 77378
Phone: 1.281.6105300
Cell: 2.877.5110355
email: Jgreen3444@aol.com
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Location
209 N. Madoson Madisonville, TX 77864
Photos (click to enlarge)
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