Marcus & Millichap facilitated the sale of an 85-room Fairfield Inn & Suites hotel property in Spring, Texas.
Rajan Patel, investment specialist in Marcus & Millichap’s Houston office, exclusively marketed the property on behalf of the seller, Paramount Spring Group LLC, and procured the buyer, Prem Hospitality Enterprise. The transaction received additional support from Allan Miller, Chris Gomes and Skyler Cooper of the Miller-Gomes Hotel Team.
Built in 2013, Fairfield Inn & Suites Houston North/Spring is on 1.75 acres at 24485 Interstate 45. The Marriott-branded hotel sits four miles south of The Woodlands, offering visibility and access along Interstate 45. It is surrounded by major corporate headquarters, leading health care facilities, and popular retail and entertainment destinations. Amenities include an outdoor pool, fitness center and meeting spaces.
