Historical Marker
Old Depot Hotel
Historical marker location:
504 E. 5th, Austin, Texas
( (Carmelo's, formerly Mi Casa es Su Casa))
Marker installed: 1966
Texas has been a major oil-producing state for over a century. The first big oil discovery in Texas was the Spindletop field near Beaumont in 1901, which set off a massive oil boom that transformed the state's economy and made Texas one of the wealthiest states in the country.