1365 W Grant Rd Tucson, AZ 85745

Building Details

Year Built

1967

Listing Agency NewGen Advisory Phoenix j***@newgenadv.com Show Phone

Listed by Jigar "Jay" Desai · License #AZ SA675144000

Source Crexi

Added: Jun 6, 2024 Checked: Jul 16 at 9:18 am

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Investment Insights

Based on property information with market context.

The Grand Luxe Hotel & Resort (GLH) is located in Tucson, Arizona. The property features 148 guest rooms and over 520 parking spaces, situated on close to 6 acres of land. This property presents an opportunity for an investor seeking an alternative use project, with the city supporting conversion projects due to a housing shortage. Potential uses include apartments, affordable housing, a storage facility, a truck stop, or a non-profit shelter. The property is suitable for an owner/operator looking for a turn-key property.

Key Highlights

• Listed under replacement cost, offering a great return for an owner/operator.
• Turn‑key property ready for immediate operation.
• Opportunity for alternative use project conversions supported by the city due to housing shortage.

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FAQs

What type of property is this?

Hotel - 148-room hotel and resort on 6 acres in Tucson.

Where is this hotel located?

The property is located at 1365 W Grant Rd Tucson, AZ.

What is the asking price?

The asking price for this property is $6,500,000.

What are key features of this property?

This property features: Listed under replacement cost, offering a great return for an owner/operator.; Turn‑key property ready for immediate operation.; Opportunity for alternative use project conversions supported by the city due to housing shortage.