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9002 Broadway St
Pearland, TX 77584

$4,950,000 USD

Hotel For Sale • 33,534 SF

Property Details

Property Type Hotel
Total Building Size 33,534 SF
Lot Size 2.19 AC
Building Class B
Year Built 2007
Tenancy Multiple
Zoning 0005

0 Transit Score

38 Walk Score

                
                    Highlights
                
                                Hotel's 17-year average room revenue: $1,287,412, showcasing financial strength and success.
                            
                                In 2023, the hotel generated almost $1,300,000 in revenue, which was an 18.0% increase from the previous year.
                            
                                Only three new hotels have been added to Pearland since 2011, creating a market environment with reduced competition.
                            
                                The 56-key count, ideal for owner/operators, can expand by adding 5 rooms, providing an avenue for enhanced revenue opportunities.
                            
                                Hotel ranks 3rd in average daily rate (ADR), indicating significant room for improvement (Dec 2023 STR Report).
                            
                                Conversion Opportunity in InterContinental Hotels Group's (IHG) Latest Midscale Hotel Venture, Garner Hotels.

Amenities

Business Center
Fitness Center
Pool
High Speed Internet Access
Patio
Meeting Event Space
Public Access Wifi
Smoke-Free
Hot Tub

Public Transportation

Airport	Drive	Walk	Distance
William P Hobby	21 min	-	10.6 mi
George Bush Intcntl/Houston	46 min	-	34.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	64
Type:	Surface
Included in Rent:	Yes

Eric Guerrero 713-955-0012 HVS

9002 Broadway St Pearland, TX 77584