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
Pearland Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
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