An investor group has acquired a prime two-acre property at the Pima Medical Campus in Tucson for the development of a 122-room extended-stay hotel. The campus boasts numerous medical offices and is home to the thriving Pima Medical Institute, making it an ideal location for this new venture. WSA Arizona-Tucson purchased the property for $1.2 million from an affiliate of Rio West Development.
The buyer, founded in 2003, has extensive experience in building Value Place extended-stay hotels and rebranded to WoodSpring Suites in 2015.
This upscale hotel will offer top-notch amenities such as fully-equipped kitchens with full-size refrigerators, stovetops and microwaves; comfortable bedding and seating; flat panel TVs; workspaces; dining areas; free Wi-Fi access; laundry facilities available round-the-clock as well as vending machines. Some locations may also feature additional perks like fitness centers and lobby coffee service.
The transaction was handled by Jerry Hawkins and Kimbra Cole of Hawkins Cole Hospitality & Investment Real Estate based out of Tucson.
A prominent investor group recently acquired a valuable two-acre parcel at Pima Medical Campus located on Grant Street near Craycroft Road in Tucson with plans to construct a state-of-the-art extended-stay hotel comprising 122 rooms. This bustling campus houses several specialized medical offices along with being home to the renowned Pima Medical Institute – making it an ideal location for this project’s success! The purchase price paid by WSA Arizona-Tucson amounted to $1.2 million from Rio West Development’s affiliate entity.
With over twelve years’ worth of experience under its belt constructing Value Place branded long-term stay properties since its inception back in 2003 – WoodSpring Suites (formerly known) is all set now! Guests can look forward here towards enjoying first-class features including fully-functional kitchenettes complete with large-sized fridges having freezer compartments alongside dual-burner stovetops and microwave ovens. The rooms will also feature fresh bedding, cozy seating arrangements, flat-screen TVs, dedicated workstations as well as dining areas – all of which are sure to make one feel right at home! Additionally on offer here is complimentary Wi-Fi access while guests can avail themselves of the laundry facilities available 24/7 along with vending machines for their convenience. Some select properties may even have extra amenities like fitness centers or lobby coffee services.
The transaction was successfully handled by Jerry Hawkins and Kimbra Cole from Tucson-based Hawkins Cole Hospitality & Investment Real Estate firm.
