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6404 E Broadway BlvdTucson, AZ 85710
La Quinta Inn by Wyndham (Tucson East)
Asset ClassHotel & Hospitality
# Keys: 141Year Built: 1977Year Renovated: 2018Access Data Room
Trailing 12 Metrics Shows Asset Outperforming Comp Set
overview of deal

Overview

The La Quinta Inn by Wyndham (Tucson East) is a 141-room upper-midscale hotel in the heart of Tucson, Arizona. Built in 1977 and renovated in 2018, the property spans over 52,000 SF with 625 SF of meeting space.

 

Located in Tucson's active urban corridor, the hotel offers convenient access to dining, retail, and entertainment. Key demand drivers include the Tucson Williams Centre office hub and The University of Arizona.

 

While the property's market penetration index is over 100% across occupancy, ADR, and RevPAR, the does property presents a compelling value-add opportunity. Currently operating at 53.1% occupancy with an ADR of $87.98 and RevPAR of $46.72, it significantly underperforms the submarket averages of 61.4% occupancy, $163 ADR, and $100 RevPAR. The property's ADR is 46% below market, highlighting substantial upside potential through strategic repositioning. With minimal new supply pressure and strong brand affiliation, this represents an attractive opportunity in one of Arizona's most dynamic markets.

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Investment Highlights

  • Priced well below replacement cost and comp sales at under $71k/key
  • December T12 market penetration index is over 100% providing steady consistent revenues
  • Only midscale hotel brand in Tucson East - offers minimal competition
  • Prime location near The University of Arizona, corporate, leisure, medical facilities, and government business
  • Financing pre-approved for qualified buyers via SBA 7a, SBA 504, & conventional loan programs

Proximity to Key Demand Generators

Distance From Property
Tucson Williams Center
1.5 Mi
Davis-Monthan Air Force Base
3.4 Mi
The University of Arizona
6.3 Mi
Banner - University Medical Center Tucson
6.8 Mi
Kino Sports Complex
7.2 Mi
Pima Air & Space Museum
8.4 Mi
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6404 E Broadway BlvdTucson, AZ 85710

Sales Team

Jigar "Jay" DesaiSenior Vice President

License #: AZ SA675144000

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

License #: AZ BR515223000

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