Hodges Ward Elliott is pleased to present the opportunity to acquire the fee-simple interest in the 125-room Hilton Garden Inn Tucson Airport (the “Hotel” or “Property”). Ideally located at the front door of Tucson International Airport (“TUS”), the Hotel is well positioned to benefit from a major infrastructure story already underway. TUS is actively advancing a multi-year airfield modernization program, highlighted by new runway and taxiway infrastructure, while planning for future terminal expansion and continued passenger improvements. These investments further strengthen the Hotel’s positioning within Tucson’s primary airport lodging corridor and help solidify the region’s next phase of growth.

Beyond its airport location, the Property is supported by a remarkably diverse demand profile. Tucson is anchored by a deep base of defense, aerospace, education, healthcare, technology, government, and leisure demand generators. From Raytheon, Davis-Monthan Air Force Base, and Northrop Grumman to the University of Arizona, Banner Health, Downtown Tucson, and the region’s expanding outdoor and cultural tourism appeal, the market offers a noteworthy blend of institutional demand drivers and lifestyle-driven visitation. Offered free and clear of existing management, the Hilton Garden Inn represents a compelling opportunity to acquire a strategically located, institutionally owned Hotel in a resilient and expanding Southern Arizona market.

AT THE FRONT DOOR OF EXPANDING INTERNATIONAL AIRPORT

The Hotel is situated less than five minutes from Tucson International Airport, a vital transportation hub, spanning over 8,000 acres and ranking as Arizona’s second busiest airport. In Fiscal Year 2025, the airport’s total passenger volume reached 3.9 million people, achieving a record high and a 1.2% increase over the prior year. Served by seven major airlines with 17 nonstop destinations and over 400 destinations accessible with one connection, TUS offers exceptional regional and national air access. The airport serves as an economic powerhouse, contributing $8.3 billion annually to Tucson’s economy and supporting approximately 45,000 jobs. The airport is undergoing a decade-long $1.5 billion expansion encompassing terminal and concourse upgrades, with a $400+ million Airfield Safety Enhancement Program currently underway, adding a third full commercial runway.

THRIVING MSA & DIVERSE ECONOMY

The Tucson metro area is Southern Arizona's cultural and economic hub, with a GDP of $66.7 billion and significant presences in defense manufacturing, education, technology, aerospace, mining, tourism, and healthcare. Due to its geographic location, low cost of doing business, highly educated workforce, and business-friendly environment, Tucson has earned a reputation as an innovative and dynamic market for business growth. It is the second-largest city in Arizona and anchors a metro area with a population of over one million people. Commonly referred to as "Optics Valley," Tucson is estimated to be home to between 100 and 300 companies involved in the design and manufacturing of optics and optoelectronics systems. The University of Arizona, with more than $1 billion in annual research expenditures, anchors a thriving innovation ecosystem alongside Tech Parks Arizona, collectively helping position Tucson among the top emerging tech markets in North America. Tucson's total tech employment has grown significantly in recent years, complemented by a growing startup culture that has earned the city recognition as one of the top markets for entrepreneurs in the country.

BOOMING DEFENSE & AEROSPACE INDUSTRY

Tucson's defense and aerospace industry is experiencing an unprecedented period of growth driven by a surge in federal contract activity and a fundamental reimagination of the region's military mission. RTX's Raytheon, Tucson's largest private employer with more than 13,000 local employees, secured $55.5 billion in contracts during the last fiscal year and has committed to a significant production ramp-up of its Tomahawk and AMRAAM missiles at its Tucson facilities. The sector is further supported by the presence of key companies, including Northrop Grumman, Paragon Space Development, and Sargent Aerospace & Defense, among others. Simultaneously, Davis-Monthan Air Force Base is undergoing a complete mission transformation, retiring its A-10 Warthog fleet and establishing the 492nd Special Operations Wing, a 30+ year mission expected to preserve the base as an anchor within the region.

Clint Hodges
Executive Managing Director
chodges@hodgeswardelliott.com

Austin Brooks
Executive Managing Director
abrooks@hodgeswardelliott.com

Michael Brandes
Vice President
mbrandes@hodgeswardelliott.com

Michael Britvan

Executive Managing Director

mbritvan@hodgeswardelliott.com