Historic 22-Bedroom Hotel in Washington Listed for $195,000
A historic 22-bedroom hotel in Washington, built in 1917, is now on the market for $195,000. The Palace Hotel, once a family-run business, offers significant restoration potential.
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What Happened?
A historic 22-bedroom hotel in Washington, built in 1917, is now on the market for $195,000. The Palace Hotel, once a family-run business, offers significant restoration potential.
Why it matters
The listing price reflects the building's potential for restoration and investment opportunities.
Key points
- The Palace Hotel, built in 1917, is listed for $195,000.
- The hotel has been vacant for years and requires significant updates.
- It features original craftsmanship, including millwork and a grand staircase.
- The property was operated by one family for nearly 50 years.
- Potential uses include restoration as a boutique hotel or conversion into a residence.
Key insights
- The hotel’s historical significance may attract investors interested in restoration projects.
- The low asking price could appeal to property flippers looking for a project.
- The building's original features could be a selling point for boutique hotel developers.
AI Quick Summary
A historic hotel in Washington is on sale for $195,000, needing restoration.
Source
Times of India


