9002 Broadway St | Pearland, TX 77584
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- LoopNet Team
9002 Broadway St
Pearland, TX 77584
La Quinta Inn & Suites by Wyndham Pearland · Hospitality Property For Sale
·
33,534 SF
INVESTMENT HIGHLIGHTS
- Hotel's 17-year average room revenue: $1,287,412, showcasing financial strength and success.
- Only three new hotels have been added to Pearland since 2011, creating a market environment with reduced competition.
- Hotel ranks 3rd in average daily rate (ADR), indicating significant room for improvement (Dec 2023 STR Report).
- In 2023, the hotel generated almost $1,300,000 in revenue, which was an 18.0% increase from the previous year.
- The 56-key count, ideal for owner/operators, can expand by adding 5 rooms, providing an avenue for enhanced revenue opportunities.
- Conversion Opportunity in InterContinental Hotels Group's (IHG) Latest Midscale Hotel Venture, Garner Hotels.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2007/2018 |
| Building Class | B | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 2.19 AC | Corridor | Interior |
| Building Size | 33,534 SF | ||
| Zoning | 0005 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.19 AC |
| Building Size | 33,534 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2007/2018 |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Interior |
| Zoning | 0005 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 0309-0006-000 | Improvements Assessment | $2,693,940 |
| Land Assessment | $1,056,060 | Total Assessment | $3,750,000 |
PROPERTY TAXES
Parcel Number
0309-0006-000
Land Assessment
$1,056,060
Improvements Assessment
$2,693,940
Total Assessment
$3,750,000
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