HVS Brokerage & Advisory Closes Sale of Kemah Edgewater Hotel

HVS Brokerage & Advisory announces the sale of the 56-key Kemah Edgewater Hotel in Seabrook, Texas, 77586.
HOUSTON, TX, January 16, 2024HVS Brokerage & Advisory announces the sale of the 56-key Kemah Edgewater Hotel, located at 3636 NASA Road 1, Seabrook, Texas, 77586.
The property, built in 2004, was purchased by Krishna PS LLC, based in League City, Texas, from Pineda Hospitality, based in Seabrook, Texas.
Sergio Pineda, Principal of Pineda Hospitality, commented, "I extend my sincere appreciation to Andrew and Joseph for their pivotal roles in the off-market sale of the Kemah Edgewater Hotel. Their expertise and hands-on approach ensured a seamless escrow process that significantly contributed to the smooth completion of the transaction. Hotel transactions require an element of detail and urgency that HVS showed throughout the entire process. HVS’s professionalism and adept handling of the intricacies involved made the collaboration a positive experience, achieving a successful outcome.”
The property is conveniently located within four miles of popular attractions such as the NASA Johnson Space Center, Kemah Boardwalk, Kipper Mease Sports Complex, and the University of Houston - Clear Lake. Furthermore, the property actively participates in key events held in the area, such as the Texas Outlaw Challenge, Seabrook Saltwater Derby, Celebration Seabrook, and Harvest Moon Regatta.
“Our team's industry expertise played a vital role in facilitating the off-market sale of the Kemah Edgewater Hotel. The transaction with a local buyer experienced in hotel ownership reflects our commitment to delivering value. It underscores our dedication to guiding successful deals with excellence," said Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Joseph Manuel & Andrew Frosch participated in this transaction.

About HVS Brokerage & Advisory

The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 40 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want. 
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