La Quinta Inn & Suites by Wyndham Pearland

9002 Broadway Street, Pearland, TX 77584, US

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THE OFFERING

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 56-key La Quinta Inn & Suites by Wyndham Pearland – Houston South, a limited-service hotel asset in Pearland, Texas. A more “hands on” investor will have the ability to realize the significant upside of renovating and owning a hotel property with further potential at a price well below replacement cost. The property benefits from its strategic location along Broadway Street in Pearland, within two miles of State Highway 288, which provides an attractive environment for visitors given its numerous retail and dining options, as well as sports and leisure-related facilities.

Pearland, TX

Submarket

Value-add

Investment Type

$4,950,000

Pricing Guidance

56

Keys

2007

Year Built

$108.79

Average Daily Rate

71.9%

Occupancy

$78.23

RevPAR

$1,598,962

Room Revenue

Financials as of Trailing-Twelve-Month (TTM);Dec;2024

PROPERTY HIGHLIGHTS

Increasing Hotel Performance

  • In 2024, the hotel generated almost $1,600,000 in revenue, which was a 20.0% increase from the previous year.

  • Per the November 2024 STR Report, year-to-date room-night demand for the hotel increased by 11.1%.

Limited Hotel Construction in the Area

  • Only three new hotels have been added to Pearland since 2011, creating a market environment with reduced competition.

    • Holiday Inn Express & Suites Houston South – Pearland – January 2011

    • WoodSpring Suites Houston 288 South Medical Center – April 2018

    • Home2 Suites by Hilton Houston Pearland – October 2019

Ideal Opportunity for an Experienced Owner/Operator to Improve Performance

  • The 56-key count is considered an ideal size for an experienced owner/operator, and the capability to add five more rooms provides an additional avenue for boosting revenue opportunities.

  • Per the November 2024 STR Report, the hotel ranked third out of five competitive hotels in terms of average daily rate (ADR), which shows significant room for improvement.

Conversion Opportunity in Marriott's Latest Midscale Hotel Venture

  • Marriott International, Inc. has recently launched City Express by Marriott, an innovative midscale brand that made its debut in 2023. City Express is positioned as an affordable, amenity-rich option for discerning travelers. Not only does it promise an exceptional experience for guests, but it also presents a compelling investment opportunity for owners looking for higher returns.

Excellent Broadway Street Location in the Expanding Pearland Market

  • Pearland has become one of Houston's primary bedroom communities, with many residents commuting to other areas of the MSA for work. As the population has grown, new developments in Pearland have been predominantly located on the west side of town near State Highway 288, while the east side, or Old Pearland, retains the qualities of the old rural town.

  • The property is favorably located near many dining, retail, and entertainment options, which is a positive attribute for both business and transient guests.

  • While Pearland is not known as a leisure and tourism destination, the city benefits from its proximity to Houston and the many major sporting, cultural, and entertainment venues in the Houston area. Additionally, weekend demand comprises travelers passing through en route to other destinations, people visiting friends or relatives, and other similar weekend demand generators.

MAP

CONTACT US

Investment Sales Contacts

Eric Guerrero

Senior Managing Director, Partner, Brokerage & Advisory
HVS
Houston
+1 (713) 955-0012
eguerrero@hvs.com

Andrew Frosch

Managing Director, Brokerage & Advisory
HVS
Houston
+1 (713) 955-0138
afrosch@hvs.com

Capital Markets Contact

Innara Panjwani

Associate, Capital Markets
HVS
Houston
+1 (713) 955-0104
ipanjwani@hvs.com