SPRING, Texas—Marcus & Millichap introduced the sale of an 85-room Fairfield Inn & Suites lodge in Spring, Texas.
“This was a posh transaction that spanned 9 months, together with a six-month escrow, and concerned problems with lending, title points, and shifting market situations,” stated Rajan Patel, affiliate investments. “Regardless of the roadblocks, our staff remained persistent, and we’re proud to have delivered a profitable final result for each events.”
Rajan Patel, funding specialist in Marcus & Millichap’s Houston workplace, solely marketed the property on behalf of the vendor, Paramount Spring Group LLC, and procured the client, Prem Hospitality Enterprise. The transaction obtained further assist from Allan Miller, Chris Gomes, and Skyler Cooper of the Miller-Gomes Lodge Workforce.
Inbuilt 2013, Fairfield Inn & Suites Houston North/Spring is located 4 miles south of The Woodlands, providing visibility and entry alongside Interstate 45. It’s surrounded by main company headquarters, main well being care services, and well-liked retail and leisure locations. Facilities embody an outside pool, a health middle, and assembly areas.
