Home » Businesses For Sale » Hotels & Motels » Tucson » Listing BFS-114543

Hotel with Franchise

"To-Be-Built" 80-key Hotel with global brand franchise. Development concepts being considered are European fashioned suites with Adobe accents, softscape including water features and attendant facilities. Initial studies indicate that a minimum 44,000 to 48,000 square foot facility will be constructed on approximately 3 acres of land.

Located on Tucson's rapidly growing eastside trade area. There are currently 1,000 new homes planned or under construction within two square miles and 6,212 existing households plus 234 businesses located within one mile of the site. Median Household Income is $54,928. Average Home Value $173,557 in the area postal zip code. Daily Traffic count is 22,000 in front of the property on Broadway Boulevard, a major east/west arterial corridor connecting downtown Tucson with the nearby eastside retail and office hub.

• Unique European Hotel Concept
• Condo-Hotel Bonus Possibilities
• Site Design & Utilities Complete
• Hard Zoned
• Construction Cost Estimates Current
• Updated Operational Forecasting Available

Scheduled Gross Income: $3,250,000
Effective Gross Income: $2,275,000
Net Operating Income: $850,000