NACOGDOCHES COUNTY, TX (KTRE) - A possible new owner has stepped forward in regard to Nacogdoches' iconic Hotel Fredonia, which shut its doors in November 2013.
Richard DeWitt, the owner of Nacogdoches' Clear Springs and Auntie Pasta's restaurants, has expressed interest in buying the hotel, which has been a fixture in the community since it first opened in 1955.
"We are proud to announce we have entered into an agreement to possibly buy Hotel Fredonia," DeWitt said. "The Fredonia is the centerpiece of our city and hopefully with some help from the community, we will be able to reopen the hotel. This city has supported our restaurants for almost 25 years and hopefully they will support the hotel as well."
DeWitt has asked that a 90-day assessment be done on the hotel. The results from the assessment will help DeWitt determine whether or not he will proceed with buying the property.
"We plan to make the hotel the best hotel in East Texas, one that everyone in Nacogdoches can be proud," DeWitt said.
According to a previous East Texas News story, Susan Reents, the former owner of the Hotel Fredonia, said that she made the decision to shut the hotel's doors and lay off its 90 employees because revenues had been down in the past seven years.
Texas State Bank, the lien holder on Hotel Fredonia, held a foreclosure sale in December 2014. However, no bidders showed up at the sale, and as a result, the bank continues to hold the note on the hotel. It also owns the hotel's furniture.
The last time Hotel Fredonia closed was in the 1980s, when it was shut down for four years.