Hotels for Sale

Stay Tucson Inn & Suites, AZ

Address:
Tucson, Arizona
Description:

UNDER CONTRACT

  • Fee-simple interest in the independently owned and operated 170-room Stay Tucson Inn & Suites
  • Property offered for sale in the June 26th Ten-X auction event at a fraction of replacement cost
  • Offered unencumbered of management and debt with multiple branding options available for conversion
  • Approximately $2MM ($12k/key) of capital invested in the property in recent years
  • Readily accessible via Interstate 10, the primary thoroughfare in the Tucson Metro area, with upwards of 75,000 vehicles passing the location daily
  • Ideally situated within one mile of the 155,000 square foot Tucson Expo Center, a primary regional event center for conventions, meetings, and weddings
  • Subject property is located 4 miles from the Tucson International Airport, with +3.6MM passengers in 2018 (marking a five year high for passenger volume on the heals of three consecutive years of passenger growth)
  • Proximate to all broader area demand including Davis-Monthan Air Force Base, University of Arizona, Raytheon Missile Systems, and the Airplane Boneyard
  • Located in a designated Opportunity Zone - a new community redevelopment program, which rewards owners with significant potential capital gains tax savings

Listing Agents

Sam Pewitt
T | 480.744.7495
Email

Scott Griemsmann
T: 415.419.5765
Email
DRE #01336236

Subu Thiagarajan
T: 510.205.7931
Email
DRE #01891134

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