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The Historic OTT Hotel


This is an historic hotel built in 1928 and has served as a brothel, a bed & bath, and hotel.  It has 22 rooms that include 13 apartments with kitchenettes, and 9 hotel rooms.  In addition there is a one bedroom manager apartment.  This hotel has 2 historical markers describing the heritage of he property.  This hotel has a dinning room and kitchen that has served guests, and many special events over the years.  Each room has a historical plaque describing an event that occurred in there including ghost from the past.  Many ghost hunters stay the night hoping to see a ghost sighting which occurs on a frequent basis.  Occupancy exceeds 90%.  



Listed By: Jeffrey Jones

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Background information

Reference:

82452

Year established:

1928

Reason selling:

Moving to the country.

Finance

Sales:

$102,598

Profits:

$44,334

Profit type:

Discretionary Earnings

Operations

Employees:

Husband and wife operate the business

Equipment:

lobby furniture, kitchen equipment and room furniture.

Premises

Facility:

The property is located on 15,500 sq. ft. of land

Square footage:

9,013 sq. ft. 2 story building with 22 rooms.

Location:

Liberty, TX

Price and terms

Price:

$500,000

Financing:

This property qualifies for the SBA loan program with a down payment of about $75,000 down payment and a new SBA loan for $425,000 payable over 18 years at 7% interest = $3,465.88 P/M.

Training:

As needed

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