Marcus & Millichap Brokers Sale of 67-Room Quality Suites Hotel in Sherman Texas

SHERMAN, TX., Sept. 9, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a Quality Suites Sherman, a 67-room, two-story hotel located in Sherman, Texas.

Chris Gomes, executive managing director investments in Marcus & Millichap's Dallas office had the exclusive listing to market the property on behalf of the seller and procured the buyer, an Oklahoma-based private investor. Allan Miller and Skyler Cooper, investment specialists in the Dallas and Austin offices, were listed on the transaction as supporting brokers.

The Quality Suites Sherman, branded under Choice Hotels, is located at 2900 N U.S. Highway 75, situated at the intersection of U.S. Highway 75 and U.S. Highway 82. Built in 1996 and renovated in 2019, the property sits on 2.2 acres and offers a range of amenities, including an outdoor pool, meeting room, breakfast bar, and guest laundry facilities.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.