201 W Fayette Street, Fayetteville

$1,800,000

0 Bed
0 Bath
.22 Acre
0 Garage

Exclusive opportunity to purchase the Grand Fayette Hotel overlooking the charming historic square of Fayetteville. The iconic building, built in 1900, became a boutique hotel in 2003 and was updated in 2017 to have 10 beautifully decorated ensuite rooms, 8 rooms upstairs and 2 at garden level. All furnishings and hotel linens are included (some exclusions apply.) On a corner 9027 sf lot, an enclosed patio garden joins the main hotel (7407 sf) with the garden cottage(816 sf).

The Grand Fayette has a popular Wine Bar Restaurant run by Chefs George and Kathy Valtasaros bringing in patrons from Houston, Austin and surrounding areas. The large dining area is also the perfect venue for weddings, rehearsal dinners, birthday and anniversary parties and many other events.

Enter through antique double doors to the comfortable lobby with guest lounge area and 2 half baths. A small, enclosed area off of the lobby is currently being used for a high-end retail store. The Wine Bar Restaurant is directly off the lobby and opens to the large dining area. Upstairs in the hotel are 8 well-appointed guest rooms with private baths depicting the charm and grace of Fayetteville and the countryside. Upstairs has a guest lounge area and coffee bar with a screen door leading out to the front balcony. The garden cottage has 2 first floor private suites. A backstairs balcony, garden and patio with fountain provides multiple outdoor spaces for guests.

Centrally located 85 miles from Houston, 80 miles from Austin and 14 miles from Round Top. Fayetteville is active with restaurants, shops, art galleries, art/music festivals and is building a multi-purpose performance center a block away, drawing more and more people to this delightful town.

Essential Information
MLS® #5095270
Price$1,800,000
Bathrooms0.00
Acres0.22
Year Built2003
TypeCommercial Sale
Sub-TypeHotel/Motel
StatusActive
Community Information
Address201 W Fayette Street
AreaFC
SubdivisionCity Of Fayetteville Comm Prop
CityFayetteville
CountyFayette
StateTX
Zip Code78940
Amenities
FeaturesSidewalks
ParkingAsphalt
Utilities

Above Ground Utilities, Electricity Connected, Other, Sewer Connected, Water Connected

Interior
InteriorWood
HeatingCeiling, Electric, Zoned
Exterior
ConstructionBrick
FoundationBasement
Additional Information
Date ListedApril 18th, 2023
Days on Market397
Listing Details
Office Contact(713) 520-1981
Property History
Price Reduced from $1,957,000 to $1,800,000
Price Reduced from $2,257,000 to $1,957,000
Price Reduced from $2,500,000 to $2,257,000
LISTING MAP

Get directions to this property:

Property Listed by: Martha Turner Sotheby's

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 19th, 2024 at 3:45pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.