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7001 S Tucson BlvdTucson, AZ 85706
La Quinta Inn & Suites by Wyndham (Tucson Airport)
Asset ClassHotel & Hospitality
# Keys: 143Year Built: 1996Square Feet: 98,854Access Data Room
Value-Add Opportunity in High-Barrier-to-Entry Airport Market
overview of deal

Overview

The La Quinta Inn & Suites by Wyndham (Tucson Airport), is a 143-room, four-story hotel situated at the entrance to Tucson International Airport (TUS). The asset presents a compelling value-add opportunity within one of Southern Arizona's most established and high-barrier lodging submarkets.

 

The property benefits from a diversified, recession-resistant demand base anchored by TUS, Davis-Monthan Air Force Base, and major employers including Raytheon Missiles & Defense and Amazon, supplemented by nearby industrial parks and the Kino Sports Complex. This corporate, government, and defense-sector demand has historically supported strong performance, with the hotel generating $3.7M in room revenue and 73.4% occupancy in 2023. While recent performance has softened, the underlying demand drivers remain intact, pointing to a repositioning opportunity for a new owner through renewed revenue management and targeted capital improvements.

 

Pricing sits attractively relative to recent comparable sales in the Tucson Airport corridor, which averaged $10.2M ($92,943/key) across five transactions, while the submarket's 7.7% average cap rate underscores continued investor appetite for well-located, limited-service product in this high-barrier-to-entry airport market.

Investment Highlights

  • Premium Airport Location – At TUS entrance with complimentary shuttle service
  • Strong Corporate & Government Demand – Year-round business from Raytheon, Davis-Monthan AFB, Amazon, aerospace, and industrial parks
  • High-Barrier Airport Submarket – Established lodging corridor with strong regional economic impact
  • Value-Add Revenue Opportunity – Upside potential through revenue management, operational improvements, and capital investments
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7001 S Tucson BlvdTucson, AZ 85706

Sales Team

Jigar "Jay" DesaiSenior Vice President

License #: AZ SA675144000

(520) 664-4091jigar.desai@newgenadv.com
Dinesh RamaDesignated Broker

License #: AZ BR515223000

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