NewGen Advisory presents the Grand Luxe Hotel & Resort (GLH) located in Tucson, Arizona. Listed well under replacement cost at less than $44k/unit, the hotel's opportunity is versitile—providing multiple revenue streams with tremendous upside for an owner/operator or alternative use project for an investor.

The City is in full support for conversion projects due to Tucson's severe housing shortage. Whether the property be kept as a motel or be changed into apartments, affordable housing or operate as a non-profit shelter, the property will thrive.

The GLH sits on close to 6 acres of land and features 148 guest rooms with over 520 parking spaces. While the property has solar panels installed, they are 20 years old and are not producing energy. The GLH generates about $13,200 a month from the leased out restaurant on-site and has its own liquor license in which they serve and sell full liquor to the guests, adding tremendous value. There is a large ballroom in back of the property with 25,000 sqft catering to very large groups and conventions.