Marcus & Millichap Inc.
11/06/2025 | Press release | Archived content
Marcus & Millichap Arranges Sale of 85-Room Fairfield Inn & Suites in Spring, Texas
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Marcus & Millichap Arranges Sale of 85-Room Fairfield Inn & Suites in Spring, Texas
November 06, 2025
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SPRING, Texas, Nov. 6, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 85-room Fairfield Inn & Suites hotel property in Spring, Texas.
"This was a complex transaction that spanned nine months, including a six-month escrow, and involved complications with lending, title issues and shifting market conditions," said Rajan Patel, associate investments. "Despite the roadblocks, our team remained persistent, and we're proud to have delivered a successful outcome for both parties."
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.
"This was a complex transaction that spanned nine months, including a six-month escrow, and involved complications with lending, title issues and shifting market conditions," said Rajan Patel, associate investments. "Despite the roadblocks, our team remained persistent, and we're proud to have delivered a successful outcome for both parties."
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.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on November 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 10, 2025 at 13:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]