
THE MCKINLEY INN
Hospitality | 4 Keys
Marketing description
Originally built in 1897 as a "Christian Saloon," this property has been reimagined as a premier hospitality asset while preserving its 19th-century soul. Elgin is one of the fastest-growing frontiers of the Austin metro. The grand foyer features meticulously restored historic windows and a classic marble floor that set the tone for a luxury boutique experience and make an unforgettable first impression. 4 suites upstairs with ensuite bathrooms, half bath downstairs. 5th bonus room under the stairs, and a historic restored bar. Kitchen and butler pantry with prep area for events. The asset has been used as a short-term rental and second home and has not been grown to its full potential. This is a great opportunity for a buyer to build the business. The business with branding, contracts, and (most) furnishings and linens for a turnkey operation are available and negotiable. Hot tub and state of the art 120 inch laser TV installed. Weddings and events have been in demand but many leads have been overlooked, the typical one-day fee for an event is $1250-$1500 and then the rental of suites when combined with the event is offered for a special price discounted price for $500 for one night $700 for two nights and $900 for three nights. so typically would run ~$2000-$2500 for the event plus accommodations.
Investment highlights
- 3,300 SQ FT HVAC'd Space
- 4 Designer Private Suites
- 4.5 Designer Bathrooms
- 4,000+ SQ FT Event Yard
- https://www.themckinleyinn.com
- The business with branding, contracts, and (most) furnishings and linens for a turnkey operation are available and negotiable.
- Hot tub and state of the art 120 inch laser TV installed, solo stove, large grill, firewood rack, are installed and negotiable.
- Weddings and events have been in demand but many leads have been overlooked, the typical one-day fee for an event is $1250-$1500 and then the rental of suites when combined with the event is offered for a special price discounted price for $500 for one night $700 for two nights and $900 for three nights. so typically would run ~$2000-$2500 for the event plus accommodations.
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