Marcus & Millichap facilitated the sale of the Candlewood Suites Pearland, an IHG Hotel in Pearland, Texas. Other terms and conditions were not disclosed.
Skyler Cooper, senior vice president in Marcus & Millichap’s Dallas office, exclusively marketed the property on behalf of the seller with support from Chris Gomes and Allan Miller of the Miller-Gomes Hotel Group of Marcus & Millichap. The buyer was procured by Cooper, Gomes and Miller.
The Candlewood Suites Pearland is a three-story, 76-room hotel at 9015 Broadway St., near major thoroughfares including State Highway 288, State Highway 35 and Interstate 45. Amenities include a fitness center, business center and 24-hour market. Nearby demand drivers include NRG Park, which draws 5.5 million visitors annually, and the Texas Medical Center, the world’s largest medical complex.