Marriott Residence Inn & Event Center

Investment Overview

Tabani Realty is pleased to present the development opportunity of the Residence Inn and convention center in rapidly expanding, Sherman, Texas. The shovel-ready project includes 4.88 acres of land, a 20-year Franchise License with Marriott, Architectural Plans, and Building Permits from the City of Sherman. The Residence Inn by Marriott is an extended-stay hotel strategically situated between the Oklahoma border and the Dallas-Fort Worth Metroplex. Sherman has quickly become a sought-after location for developers as many large companies call Sherman home with the newest being Texas Instruments, announcing their $30 billion semiconductor manufacturing investment to be completed as early as 2025.

Investment Highlights

• The shovel-ready project is sold with 4.88 acres of land, a 20-year Franchise License with Marriott, Architectural Plans, and Building Permits from the City of Sherman
• 119 guestrooms across 5 floors
• Total building size of 81,618 SF
• The parcel includes room for an additional 70-85 room hotel
• Excellent location off Highway 75 and surrounded by a variety of restaurants and retailers
• Prime location in between Denison and Sherman (industrial & manufacturing hubs)
• 40 miles north of the Dallas-Fort Worth Metroplex
• 23 miles south of Choctaw Casino & Resort (Durant, OK)
• Guest amenities include a fitness center, hot breakfast, bar, outdoor spaces, swimming pool, free Wi-Fi, free parking, dry cleaning and on-site laundry, private meeting spaces, and event center