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.
License #: AZ SA675144000
(520) 664-4091jigar.desai@newgenadv.com