Hotel and Motel Business and Property for Sale in Sherman, Texas

This listing presents an unbranded hotel and motel business with property for sale in Sherman, Texas. The establishment features over 90 rooms spread across ground and second floors, situated on approximately 3 acres of land. It boasts spacious accommodations designed for comfort and offers views of the surrounding area. Strategically located, the property is 20 miles from the Choctaw Casino and Resort and 10 minutes from Lake Texoma, also benefiting from proximity to a new $30 billion manufacturing plant. The business generates an impressive yearly revenue of $1.2 million and has a current Cap Rate of 18%. There are additional income opportunities, including the potential to rent out restaurant and bar spaces. The building was constructed in 1970.