Project Description

This 110-room premium select-service hotel was built in 2008. Located in Pearland, TX, it is 15 minutes from NRG Stadium (home of the NFL’s Houston Texans), 20 minutes from the Texas Medical Center, 25 minutes from Hobby International Airport and 30 minutes from Downtown Houston. This property is situated in the “Energy Capital of The World” with over 3,700 in energy sector companies in the Houston MSA. The Houston MSA is the 5th most populous MSA in the country and boasts the 6th highest GDP in the US. Pearland itself is the 10th fastest growing city in the United States.

LOCATION: Pearland, Texas

YEAR BUILT: 2008

NUMBER OF ROOMS: 110

AQUISTION DATE: June 2019

PROJECTED IRR: 14%

PROJECTED EQUITY MULTIPLE: 1.71

BUSINESS PLAN: Management Realignment