Marriott Residence Inn & Event Center

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

Description:

Tabani Realty is pleased to present the development opportunity of the Residence Inn and convention center in the 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.

Welcome to Sherman, Texas – the 20th best small city to live in the United States! Nestled in northeast Texas, Sherman has undergone rapid growth, nearly doubling in size over the past two decades. This dynamic and thriving community offers a unique blend of economic opportunities and connectivity.

Sherman's economy is buzzing with vitality, thanks to a diverse array of industries. With a newly established clean power generating plant and exceptional transportation links, Sherman has become a magnet for businesses across sectors. The city's strategic location along I-35 provides seamless connectivity not only to the rest of North Texas but also throughout the state, making it an ideal hub for commerce. Furthermore, the North Texas Regional Airport offers convenient air travel for both residents and those seeking to do business.

Sherman is at the forefront of technological innovation, with two major semiconductor chip manufacturers launching massive projects that have brought thousands of new jobs to the area. This sector is the backbone of the local economy, driving growth and innovation. Sherman is also home to Texoma Medical Center (1,200+ employees). With Sherman's expanding business landscape and strategic location, the hospitality sector has experienced growth, catering to both travelers and professionals. Manufacturing remains a cornerstone of Sherman's economy, with metal tank production serving various industries, including energy and construction.

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