Sherman OKs first new hotels in a decade - KTEN.com - No One Gets You Closer

Sherman OKs first new hotels in a decade

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SHERMAN, Texas -- Sherman Town Center will soon offer more than shopping, dining and movies.

The development at the northwest corner of U.S. 75 and U.S. 82 will soon be home to two new hotels.

The city's Planning and Zoning Commission approved the plans at a meeting on Tuesday. A 120-room Marriott Residence Inn with a 6,200 square foot event center and an adjacent 77-room facility will become Sherman's first new hotels in a decade and will be located at the northern edge of shopping center near JCPenney.

Construction is expected to begin within 90 days.

These new hotels will bring tourism and revenue to Sherman, along with 100 permanent jobs.

"It's going to bring more money to the city," said Douglas Bradley of MOE Hospitality, a Murphy, Texas-based firm that is managing the hotel projects. "It's going to bring more revenue to the restaurants and shops at the Town Center in Sherman."

"We rely on the money that they bring in," added Nate Strauch,  a spokesman for the City of Sherman. "The hotel-motel tax that we collect every year pays for our summer music series; it pays for our tourism department; it does a number of things for people that actually live here. So any time we have a new hotel coming in, it really impacts the people that are here as well as the people that are going to be coming."

Phase one of the project, which includes the five-story Residence Inn and event center, should be completed by the end of next year.

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