for sale
Grand Luxe Hotel & Resort
1365 West Grant Road | Tucson, AZ 85745
Investment Highlights
- Prime location in Central Tucson off of Interstate – 10 and in close proximity to University of Arizona and Downtown Tucson
- Priced right for either hotel owner/operator or adaptive reuse project for affordable housing / non-profit organization / student housing
- Steady income generated at over $13,000/month from leased restaurant on-site: Angry Crab & BBQ
- Liquor license is included with the sale of property
- Large 16,000 sq ft banquet facility included
- All rooms feature adjoining doors to making it easy to combine units
Property Description
NewGen Advisory is proud to present the Grand Luxe Hotel & Resort (GLH) located in Tucson, Arizona. Listed under replacement cost, this hotel is a great opportunity for an owner/operator looking for a turn-key property with a great return.
The Grand Luxe Hotel & Resort offers an opportunity for an investor seeking an alternative-use project. The City is in full support for these conversion projects due to Tucson’s severe housing shortage. The property sits on close to 6 acres of land and features 148 guest rooms with over 520 parking spaces.
Whether the property is kept as a motel or changed into apartments, affordable housing, or operates as a non-profit shelter – the property will thrive.
Location Description
The Grand Luxe Hotel & Resort is strategically located right off Interstate-10. Guests enjoy convenient access to the University of Arizona and Downtown Tucson, both just a short drive away. This prime location allows you to explore a variety of local attractions, including the lively Historic 4th Avenue, the bustling Main Gate Square, and the excitement of the U of A Football and Basketball Stadiums, all within easy driving distance.
Nature lovers can take a short trip to the beautiful Saguaro National Park, while families can visit the popular Reid Park Zoo for a fun day out. The hotel’s proximity to Tucson International Airport also makes it a convenient choice for travelers. Whether tourists are in town for business or leisure, the Grand Luxe Hotel & Resort puts guests at the heart of Tucson’s vibrant energy.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Jigar “Jay” Desai
Senior Vice President
AZ #SA675144000
(520) 664-4091
jigar.desai@newgenadv.com
BROKER OF RECORD
Dinesh “Dan” Rama
NewGen Advisory AZ LLC
AZ #BR515223000