REIT Sale - Courtyard Tucson Airport | 2505 E Executive Dr
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REIT Sale - Courtyard Tucson Airport 2505 E Executive Dr
149 Room Hotel Tucson, AZ 85756 For Sale
Investment Highlights
- The hotel enjoys a prime location with direct access to I-10 and less than a mile from Tucson International Airport, making it extremely convenient
- The hotel is well-positioned to capture market demand and achieve growth within the midscale and upper midscale segments. Recently renovated in 2021
- By streamlining processes, optimizing staff, and leveraging technology, the hotel can cut costs and boost profitability
- The Courtyard benefits from being part of the world’s largest hotel company in the world, with the biggest hotel rewards program.
- The Hotel is being offered fee-simple, unencumbered by existing debt.
Executive Summary
Marcus & Millichap is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the Courtyard Tucson, AZ (the “Property”, “Asset”, or “Hotel”) a 149-room hotel strategically located at 2505 E Executive Drive, Tucson, AZ 85756. The Property benefits from its prime location near I-10 and less than a mile from Tucson International Airport, providing exceptional visibility and convenient access. The Hotel is in close proximity to all major demand generators in the area including the University of Arizona, Davis-Monthan Air force Base, Saguaro National Park, and a thriving downtown scene. The Hotel is being sold at auction via RealINSIGHT Marketplace on September 25th, 2024.
Home to the University of Arizona, the Tucson metro is encompassed by Pima County in southern Arizona. The area shares a border with Mexico and is the second largest in Arizona, home to almost 1.1 million residents. The city of Tucson accounts for over half of the metro’s population, with almost 563,000 citizens. The population regularly swells during the winter months as warm weather brings seasonal residents and tourists. In addition to the University campus, the institution oversees multiple office and business incubators including the UA Tech Parks at Rita Road and the Bridges, and the Arizona Center for Innovation. These facilities offer more than 2 million square feet of high-tech office, R&D, and laboratory space that house over 6,000 workers. American Battery Factory will complete its new South Tucson manufacturing facility in 2025, with plans to employ over 1,300 high-skilled workers.
Recently renovated on the interior in 2021, a new owner is presented with an up-to-date property that is sure to satisfy guests aesthetically.
Property Tours
By appointment only - please contact Michael Klar, Michael.Klar@marcusmillichap.com, to schedule a tour.
Home to the University of Arizona, the Tucson metro is encompassed by Pima County in southern Arizona. The area shares a border with Mexico and is the second largest in Arizona, home to almost 1.1 million residents. The city of Tucson accounts for over half of the metro’s population, with almost 563,000 citizens. The population regularly swells during the winter months as warm weather brings seasonal residents and tourists. In addition to the University campus, the institution oversees multiple office and business incubators including the UA Tech Parks at Rita Road and the Bridges, and the Arizona Center for Innovation. These facilities offer more than 2 million square feet of high-tech office, R&D, and laboratory space that house over 6,000 workers. American Battery Factory will complete its new South Tucson manufacturing facility in 2025, with plans to employ over 1,300 high-skilled workers.
Recently renovated on the interior in 2021, a new owner is presented with an up-to-date property that is sure to satisfy guests aesthetically.
Property Tours
By appointment only - please contact Michael Klar, Michael.Klar@marcusmillichap.com, to schedule a tour.
Property Facts
| Sale Type | Investment | No. Rooms | 149 |
| Property Type | Hospitality | Number of Floors | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1988/2021 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.99 AC | Parking Ratio | 2.16/1,000 SF |
| Building Size | 88,829 SF | Corridor | Interior |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.99 AC |
| Building Size | 88,829 SF |
| No. Rooms | 149 |
| Number of Floors | 3 |
| Year Built/Renovated | 1988/2021 |
| Tenancy | Single |
| Parking Ratio | 2.16/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Hot Tub
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | £124.54 | - |
| Guest Room | 137 | £110.45 | - |
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PROPERTY TAXES
| Parcel Number | 140-42-0870 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £814,240 |
PROPERTY TAXES
Parcel Number
140-42-0870
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£814,240
zoning
| Zoning Code | P-I (Park Industrial Zone) |
| P-I (Park Industrial Zone) |
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REIT Sale - Courtyard Tucson Airport | 2505 E Executive Dr
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