Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Comfort Inn Sherman (‘Hotel’ or ‘Property’) located in Sherman, Texas. The Choice Hotels-branded Hotel is offered at $7,000,000 or $101,449 per key. The Comfort Inn Sherman is located at 2904 Michelle Dr in Sherman, Texas, at the intersection of U.S. Highway 75 and U.S. Highway 82. The 69-room, three-story building was renovated in 2020 and spans 4.3 acres. Various common area amenities at the Property include a business center, fitness center, an indoor pool, sundry shop, patio, and laundry services. Sherman, Texas, is a vibrant city nestled in the northeastern part of the state and is located 65 miles North of Dallas, Texas. The Hotel’s proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. History enthusiasts can explore the fascinating Sherman Jazz Museum (2.4 miles), which celebrates the rich musical heritage of the area. Austin College (2.6 miles), a prestigious liberal arts institution, provides a beautiful campus to explore and is a significant room demand generator. For a glimpse into the past, visitors can immerse themselves in the authentic Old West experience at the Grayson County Frontier Village (5.7 miles) or delve into the life of President Dwight D. Eisenhower at the Eisenhower Birthplace State Historic Site (9.0 miles). Art enthusiasts can indulge in theatrical performances at the Honey McGee Playhouse (2.2 miles). Visitors can also day a day trip to Lake Texoma (21.3 miles), which presents opportunities for boating and water sports. Sherman's economy thrives on a diverse range of industries, providing a strong foundation for growth and development. The city is home to major employers like Texoma Medical Center (4.5 miles), Grayson College (4.2 miles), and Texas Instruments (7.5 miles), offering various job opportunities across sectors. Recently, significant economic investments have been announced, including a $30 billion investment from Texas Instruments to build the largest new semiconductor fabrication plant in Sherman. GlobalWafers, a Taiwanese company, plans to spend $5 billion on the biggest silicon wafer factory in the US, also located in Sherman. These investments showcase the city's appeal to major players in the industry and promise to boost economic growth and job prospects in the area. Apple has invested $410 million in II-VI Inc., supporting over 700 jobs in Sherman, Texas, and other U.S. cities. II-VI is known for producing optical technology which powers various iPhone features, such as Face ID, and Apple's investment aims to boost production further to meet growing demand. Apple's Advanced Manufacturing Fund, established in 2017, is part of a larger plan to invest $430 billion and create 20,000 new U.S. jobs over the next five years, benefiting various sectors.