The Courtyard by Marriott Tucson Airport Hotel, located at 2505 E Executive Drive in Tucson, recently sold for $14.2 million ($95,268 per room) through an auction. The 149-room hotel was marketed with a high occupancy rate of 75% at the time of sale.
Represented by Marcus & Millichap’s Ebrahim Valliani and Michael Klar, the seller was Skyline Investments from Toronto, Ontario in Canada. RI Marketplace also participated in the offering.
Conveniently situated near I-10 and less than a mile from Tucson International Airport, this three-story hotel offers easy access for travelers. Originally built in 1988 and recently renovated in 2021,the property is well-equipped to cater to both business and leisure guests looking for a premium experience at an affordable price point. With amenities such as private balconies or patios available with their suites along with round-the-clock fitness facilities,dry cleaning/laundry service,elevator access,a bar,a deli,and meeting rooms,this hotel has something to offer every type of traveler.
The transaction involved selling the fee-simple ownership without any existing debt attached to it,making it an attractive investment opportunity.
