Manav Aulakh Of Prem Hospitality Enterprise Purchases Hotel From Dean Kothia In Spring
24485 Interstate 45
Building Size
52,740 SF
Asset Type
Hotel
Closing
Oct 30, 2025
About this deal
AI
The asset involved in the transaction is a hotel located at 24485 Interstate 45 in Spring. This property comprises 85 keys with a total square footage of 52,740.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 24485 Interstate 45
- Market: Spring
- Keys: 85
- Square Feet: 52,740
- Buyer: Manav Aulakh - Prem Hospitality Enterprise
- Seller: Dean Kothia - Paramount Spring Group
- Broker: Rajan Patel - Marcus & Millichap
The transaction was facilitated by Rajan Patel, representing the seller, Dean Kothia. Manav Aulakh acquired the property on behalf of Prem Hospitality Enterprise, marking a strategic addition to their portfolio.
On the Map
Hotel
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93