Listed by NewGen Advisory Phoenix, NewGen Advisory
$6,500,000
Grand Luxe Hotel & Resort (GLH Hotel)
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 91,308
Keys 148
Cap Rate 14.81%
NOI $962,932
Occupancy 60%
Price per SqFt $71
Broker Co-Op Yes
Year Built 1967
Buildings 2
Stories 2
Acreage 5.950
Zoning I-1
Parking Spaces 520 spaces
Parking per 1,000 SqFt 5.70
Investment Type Redevelopment
Occupancy Date 12/31/2023
Ground Lease No
Ownership Fee Simple
CONVERSION | 148 KEYS | STEADY INCOME CASH FLOW | ADAPTIVE REUSE
Marketing description
Newgen Advisory is Proud to Present the Grand Luxe Hotel & Resort (Glh) Located in Tucson, Arizona. Listed Under Replacement Cost, This Hotel is a Great Opportunity for an Owner/operator Looking for a Turn Key Property With a Great Return. This Property Offers an Opportunity for an Investor Seeking an Alternative Use Project. the City is in Full Support for These Conversion Projects Due to Tucson's Severe Housing Shortage. the Property Sits on Close to 6 Acres of Land and Features 148 Guest Rooms With Over 520 Parking Spaces. Whether the Property Be Kept as a Motel or Be Changed Into Apartments, Affordable Housing, Storage Facility, Truck Stop, or Operate as a Non-profit Shelter - the Property Will Thrive.
Investment highlights
- Prime-location-in-central-tucson-off-of-interstate-10-and-in-close-proximity-near-university-of-arizona-and-downtown-tucson
- Priced-right-for-either-hotel-owneroperator-or-adaptive-reuse-project-for-affordable-housing-non-profit-organization-student-housing
- Steady-income-generated-at-over-13000month-from-leased-restaurant-on-site-angry-crab-bbq
- Liquor-license-is-included-with-the-sale-of-property
- Large-16000-sq-ft-banquet-facility-included
- All-rooms-feature-adjoining-doors-to-making-it-easy-to-combine-unit
Listing Contacts
Listed by NewGen Advisory Phoenix, NewGen Advisory
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$962,932.00
$80,244.33/mo
Valuation Metrics
0
DSCR
14.81%
Cap Rate
14.81%
ROI
Map
Zoning
I-1 IndustrialLight IndustrialLight Industrial
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View all 107 uses
View all 107 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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