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33499479
33499478

2550 FM 646, Texas City, TX 77539

DD
TX TX 761631 - B
The Intrepid Group
Gulf Commercial Brokerage
Listed by The Intrepid Group, Gulf Commercial Brokerage
$1,465,000
2 days on market
Updated 2 days ago

Centurion Palace

Details
Property Type Special Purpose
Sub Type Wedding Venue
Square Footage 7,500
Tenancy Single
Price per SqFt $173
Year Built 1999
Acreage 2.490
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Turn-Key Hospitality Asset with Immediate Upside and Multiple Revenue Opportunities

Marketing description

Currently operating as a successful wedding and events venue, this offering presents a rare opportunity to acquire a well-established asset located just south of Houston in Galveston County, near a highly desirable destination market. Ownership has operated the business for over 18 years with consistent performance and strong forward bookings, and is now seeking to transition into retirement.

The property functions as an all-inclusive venue featuring multiple event spaces, indoor and outdoor gathering areas, and dedicated bride and groom suites, allowing for a wide range of event types and guest capacities. Recent renovations have enhanced the overall quality and appeal of the asset, positioning it as a turn-key operation requiring minimal immediate capital investment.

Despite its long-standing success, the business has operated with little to no formal marketing, relying primarily on reputation and referrals. This creates a clear value-add opportunity for a new owner to implement strategic marketing initiatives, expand brand visibility, and drive increased bookings and revenue.

With an established operational foundation, existing reservations, and proximity to both the Houston MSA and regional destination demand, a new operator is well-positioned to scale the business through additional event types, enhanced utilization, and targeted growth strategies.

Investment highlights

  • Currently operating as a successful wedding and events venue, this offering presents a rare opportunity to acquire a well-established asset located just south of Houston in Galveston County, near a highly desirable destination market. Ownership has operated the business for over 18 years with consistent performance and strong forward bookings, and is now seeking to transition into retirement.
  • The property functions as an all-inclusive venue featuring multiple event spaces, indoor and outdoor gathering areas, and dedicated bride and groom suites, allowing for a wide range of event types and guest capacities. Recent renovations have enhanced the overall quality and appeal of the asset, positioning it as a turn-key operation requiring minimal immediate capital investment.
  • Despite its long-standing success, the business has operated with little to no formal marketing, relying primarily on reputation and referrals. This creates a clear value-add opportunity for a new owner to implement strategic marketing initiatives, expand brand visibility, and drive increased bookings and revenue.
  • With an established operational foundation, existing reservations, and proximity to both the Houston MSA and regional destination demand, a new operator is well-positioned to scale the business through additional event types, enhanced utilization, and targeted growth strategies.

Listing Contacts

DD
TX TX 761631 - B
The Intrepid Group
Gulf Commercial Brokerage
Listed by The Intrepid Group, Gulf Commercial Brokerage

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Additional Information

Name
David du Menil
License
TX 761631 - B
Brokerage
The Intrepid Group
Brokerage Phone
2542428129
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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