9002 Broadway St, Pearland, TX 77584-7722
- Hotels
- 33,534 SF
- 2.19 lot acres
Current Use by Public Records
- La Quinta Inn & Suites by Wyndham Pearland - Houston South / Hotel & Motel
- WW (Weight Watchers) / Weight Loss Service / Wellness Center
Property Details for 9002 Broadway St
- Year built
- 2006
- Lot size
- 2.19 lot acres
- Property type
- Hotels
- APN
- 0309-0006-000
- APU
- 3090006000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 17, 2025 | — | Sai Khushi LLC | Aarayam LLC | Deed | $3.7M · Hometown Bank NA |
| Jan 28, 2016 | — | Aarayam LLC | Hospitality Lodging INC | Warranty Deed | $4.5M · Royal Business Bank |
| Mar 22, 2013 | — | Hospitality Lodging INC | Maa Hospitality INC | Quit Claim Deed · related | $3.2M · First National Bank |
| Dec 13, 2004 | — | Maa Hospitality INC | Earhart,fred III | Warranty Deed · related | — |
| — | — | Maa Hospitality INC | — | Deed Of Trust · related | $2M · Southwestern National Bank |
| — | — | Maa Hospitality INC | — | Deed Of Trust · related | $108k · Southwestern National Bank |
| — | — | Maa Hospitality INC | — | Deed Of Trust · related | $2.3M · Southwestern National Bank |
| — | — | Maa Hospitality INC | — | Deed Of Trust · related | $125k · Southwestern National Bank |
| — | — | Maa Hospitality INC | — | Deed Of Trust · related | $2.3M · Southwestern National Bank |
Description
This 56-key La Quinta Inn & Suites by Wyndham is located in Pearland, Texas, offering a compelling investment opportunity. Built in 2007, this three-story, 33,534 square foot hotel sits on a 2.19-acre lot and boasts a 17-year average annual room revenue of $1,287,412. The property's strong financial performance is further supported by a 10% year-to-date increase in room-night demand (December 2023 STR Report), and an 18% revenue increase in 2023 compared to the previous year. The hotel's location on Broadway Street, within two miles of State Highway 288, provides easy access to numerous retail and dining options, benefiting both business and leisure travelers. Pearland's limited new hotel construction since 2011 (only three additions) creates a less competitive market. The hotel's current average daily rate (ADR) ranks third among five competitors, indicating significant potential for improvement through operational enhancements. The 56-key size is ideal for an owner-operator, with the possibility of adding five more rooms. The asking price is $4,950,000, or approximately $88,000 per key. This presents a chance to acquire a well-positioned hotel below replacement cost in a growing market, with potential for conversion to IHG's new Garner Hotels brand. The property's APN is 03090006000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $940,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,269,000
Market price range: $855k - $1.46M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,030,000 Current use
- INDUSTRIAL (GENERAL)
- $1,465,000 Change: +42% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pearland
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3594
- Latitude
- 29.5581
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
