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Marcus & Millichap Brokers Sale Of 69-Room Comfort Inn In Sherman Texas
SOLD
Texas
See Similar DealsHotel
Sold
SOLD
Marcus & Millichap Brokers Sale Of 69-Room Comfort Inn In Sherman Texas
2904 Michelle Drive
See Similar DealsHotel
Sold
Summary
TEXAS
Asset Type:Hotel
Transaction Type:Sale
The property is a 69-room Comfort Inn located at 2904 Michelle Drive in Sherman, Texas. It was constructed in 1999 and underwent renovations in 2020. The hotel spans 4.3 acres and includes amenities such as a business center, fitness center, and indoor pool.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 2904 Michelle Drive
- Market: Sherman
- Rooms: 69
- Acres: 4.3
- Brokers: Chris Gomes, Allan Miller & Skyler Cooper - Marcus & Millichap
Chris Gomes, Allan Miller, and Skyler Cooper represented the seller in this transaction and successfully secured an anonymous buyer for the deal, demonstrating their expertise in the hotel real estate market.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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