Marcus & Millichap Sells 121-Key Residence Inn By Marriott In Texarkana With Buyer's Rep Christopher Gomes
3900 Saint Michael Drive
Building Size
—
Asset Type
Hotel
Closing
Jan 16, 2026
About this deal
AI
The property involved in this transaction is the Residence Inn by Marriott, featuring 121 keys and located at 3900 Saint Michael Drive in Texarkana. The sale was finalized on January 16, 2026.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not specified
- Address: 3900 Saint Michael Drive
- Market: Texarkana
- Asset Type: Hotel
- Keys: 121
- Brokers: Christopher (Chris) Gomes, Skyler Cooper & Allan Miller - Marcus & Millichap
This transaction was facilitated by Chris Gomes, who held the exclusive listing and sourced the buyer, an affiliate of Daugherty Property Group. He was supported by Skyler Cooper and Allan Miller of the Miller-Gomes Hotel Team in this closed sale.
On the Map
Hotel
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Texarkana Hotel Market Snapshot
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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