Marcus & Millichap Publicizes Sale of Fairfield Inn & Suites Houston North/Spring
SPRING, Texas—Marcus & Millichap announced the sale of an 85-room Fairfield Inn & Suites hotel in Spring, Texas.
“This became once a fancy transaction that spanned nine months, collectively with a six-month escrow, and enthusiastic complications with lending, title points, and though-provoking market cases,” acknowledged Rajan Patel, affiliate investments. “Whatever the roadblocks, our group remained persistent, and we’re proud to procure delivered a worthwhile end result for both parties.”
Rajan Patel, investment specialist in Marcus & Millichap’s Houston keep of job, completely marketed the property on behalf of the vendor, Paramount Spring Crew LLC, and procured the consumer, Prem Hospitality Endeavor. The transaction got additional make stronger from Allan Miller, Chris Gomes, and Skyler Cooper of the Miller-Gomes Resort Crew.
Built in 2013, Fairfield Inn & Suites Houston North/Spring is found four miles south of The Woodlands, providing visibility and get entry to along Interstate forty five. It’s miles surrounded by important corporate headquarters, main health care services, and well-liked retail and leisure locations. Facilities encompass an out of doors pool, a sanatorium, and meeting spaces.
