Marcus & Millichap Brokers Sale Of 69-Room Comfort Inn In Sherman Texas
2904 Michelle Drive
Building Size
—
Asset Type
Hotel
Closing
Mar 17, 2026
AI
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.
Players
Sherman Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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