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9015 West Broadway Street

Marcus & Millichap Sells 76-Room Candlewood Suites Hotel In Pearland, Texas
SOLDHotel

Marcus & Millichap Sells 76-Room Candlewood Suites Hotel In Pearland, Texas

9015 West Broadway Street

Building Size

Asset Type

Hotel

Closing

May 29, 2025

AI

A sale transaction took place involving a 76-room Candlewood Suites hotel located at 9015 West Broadway Street in Pearland, TX. This hotel asset is classified under the hotel asset type and represents a transaction in the Pearland market.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 9015 West Broadway Street
  • Market: Pearland
  • Asset Keys: 76

The transaction was facilitated by brokers Allan Miller, Christopher (Chris) Gomes, and Skyler Cooper from Marcus & Millichap, who represented the undisclosed seller and successfully secured a buyer for the property.

Players

Allan Miller

Marcus & Millichap

Broker

$162.9M

vol

51 deals

Broker

Pearland Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93