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Hotel-Motel

The Tuxon, a Member of Design Hotels by Marriott

960 S Freeway, Tucson, AZ 85745

Listing Price: $15,750,000

Number of Rooms
112
RevPAR
$73
Gross SF
28,951
Price/Room
$140,625
Price/Gross SF
$544.02
Year Built
1969

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale The Tuxon, a Member of Design Hotels by Marriott, a modern boutique hotel located in the vibrant community of Tucson, Arizona. The property was completely renovated in 2020 and offers amenities such as a heated outdoor pool, pool bar, fitness center, bicycle rentals, wedding/group services and year-round community activities/events. Each of the hotel's 112 guest rooms were thoughtfully designed and feature all of the conveniences of a modern hotel. All guest rooms total ~180 square feet and include a 50" UHC TV with streaming app capabilities, Marshall Bluetooth speaker with built-in Alexa, work desk, locally curated minibar, and luxury bedding and toiletries. The property also offers a 1-bedroom Executive Suite with a full living room, full-sized kitchen, and soaking tub. Five vacant lots totaling 1.25 acres are included in the sale. This space is currently used for events to generate additional revenue. The Tuxon is ideally located off of Interstate 10, between Downtown Tucson and Tucson International Airport. Adjacent to the hotel is the 22nd Street Mineral, Fossil, Gem & Jewelry Show, the most-attended show of its kind in the world with ~50,000 attendees per year. Other attractions just a short drive away include Sentinel Peak Park, Tumamoc Hill, Reid Park Zoo, Tucson Botanical Gardens, Saguaro National Park, Pima Air & Space Museum and several other museums. The Tuxon, a Member of Design Hotels by Marriott represents the opportunity to acquire a recently renovated Marriott-branded hotel in a strong market. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand in the Tucson market.

Investment Highlights

  • Full Renovation in 2020
  • 1.25 Acres of Land Behind Property for Events/Additional Revenue Included in Sale
  • Located in an Opportunity Zone
  • Ideally Located Off of Interstate 10, Near Downtown Tucson and Several Attractions
  • 3 Miles to The University of Arizona (46k+ Enrollment)
  • Within Minutes of Several Medical Centers
  • 7 Miles to Tucson International Airport, the 2nd-Busiest Airport in Arizona (26M+ Passengers in 2019)

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Hotel-Motel

The Tuxon, a Member of Design Hotels by Marriott

Listing Price: $15,750,000

Number of Rooms
112
RevPAR
$73
Gross SF
28,951
Price/Room
$140,625
Price/Gross SF
$544.02
Year Built
1969

Investment Highlights

  • Full Renovation in 2020
  • 1.25 Acres of Land Behind Property for Events/Additional Revenue Included in Sale
  • Located in an Opportunity Zone
  • Ideally Located Off of Interstate 10, Near Downtown Tucson and Several Attractions
  • 3 Miles to The University of Arizona (46k+ Enrollment)
  • Within Minutes of Several Medical Centers
  • 7 Miles to Tucson International Airport, the 2nd-Busiest Airport in Arizona (26M+ Passengers in 2019)

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale The Tuxon, a Member of Design Hotels by Marriott, a modern boutique hotel located in the vibrant community of Tucson, Arizona. The property was completely renovated in 2020 and offers amenities such as a heated outdoor pool, pool bar, fitness center, bicycle rentals, wedding/group services and year-round community activities/events. Each of the hotel's 112 guest rooms were thoughtfully designed and feature all of the conveniences of a modern hotel. All guest rooms total ~180 square feet and include a 50" UHC TV with streaming app capabilities, Marshall Bluetooth speaker with built-in Alexa, work desk, locally curated minibar, and luxury bedding and toiletries. The property also offers a 1-bedroom Executive Suite with a full living room, full-sized kitchen, and soaking tub. Five vacant lots totaling 1.25 acres are included in the sale. This space is currently used for events to generate additional revenue. The Tuxon is ideally located off of Interstate 10, between Downtown Tucson and Tucson International Airport. Adjacent to the hotel is the 22nd Street Mineral, Fossil, Gem & Jewelry Show, the most-attended show of its kind in the world with ~50,000 attendees per year. Other attractions just a short drive away include Sentinel Peak Park, Tumamoc Hill, Reid Park Zoo, Tucson Botanical Gardens, Saguaro National Park, Pima Air & Space Museum and several other museums. The Tuxon, a Member of Design Hotels by Marriott represents the opportunity to acquire a recently renovated Marriott-branded hotel in a strong market. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand in the Tucson market.

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

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