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3704 E Irvington RdTucson, AZ 85714
Red Roof Inn (Tucson South-Airport)
Asset ClassHotel & Hospitality
Occupancy72.9%
# Keys: 116Year Built: 1985Year Renovated: 2024Access Data Room
10% Cap Rate on a Stabilized, Recently Renovated Airport-Submarket Asset
overview of deal

Overview

*The hotel cannot be contacted or toured without prior approval from Listing Broker.

 

NewGen Advisory is pleased to present for sale this 116-unit, the fully renovated Red Roof Inn (Tuscon South Airport). This offering represents a rare opportunity to acquire a stabilized, income-producing asset that completed a comprehensive $1.7 million gut renovation in 2024 and achieved over $1.8 million in total revenue in its first stabilized year (2025).

 

The hotel is in close proximity to many new developments within the community, alongside some notable event venues. Additionally, the the hotel is positioned by a major interstate, providing steady visibility and traffic.

 

The property is currently operated by a professional third-party management company, which provides the incoming owner-operator a clear path to meaningfully reduce expenses and improve the bottom line. The full PIP has been completed and the property meets all current brand standards.

Investment Highlights

  • Pride of Ownership Renovation: $1.7M gut renovation completed in 2024 covering all 116 rooms, bathrooms, FF&E, flooring, lobby, exterior, and signage—performed above brand standards by a licensed local GC.
  • Stabilized Revenue Base: First stabilized year (2025) produced $1,816,500 in total revenue with an addback NOI of $656,053
  • Strategic Location & Diverse Demand: Directly off I-10, adjacent to the Tucson Expo Center, minutes from Davis-Monthan AFB, U of A, Raytheon, Kino Sports Complex, and Tucson International Airport.
  • Owner-Operator Value Upside: Current 3rd-party management creates an immediate opportunity to capture management fee savings and reduce payroll overhead.
  • Franchise Compliant – No PIP Required: Full Red Roof PIP is complete. No immediate capital outlay required for the incoming buyer.
  • Strong Market Penetration: T12 August 2026 RevPAR is 123.9 with Occupancy at 139.1
  • Comp Set Outperformance: 1.3% YoY RevPAR decline versus a 14.3% decline across the comp set
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Sales Team

Jigar "Jay" DesaiSenior Vice President

License #: AZ SA675144000

(520) 664-4091jigar.desai@newgenadv.com
Ryan J BodineSenior Vice President

License #: AZ - BR661940000 | UT - 11605059-PB00

(480) 236-9918ryan.bodine@newgenadv.com
Dinesh "Dan" RamaDesignated Broker

License #: AZ BR515223000

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