128-Room Sonesta ES Suites Tucson Sells for $3.5M to New Mexico Hospitality Operator

TUCSON, AZ (November 21, 2025) — The Sonesta ES Suites Tucson, a 128-suite extended-stay hotel located at 6477 E. Speedway Blvd., has been sold for $3,5 million ($27,343 per room) to an Albuquerque-based hospitality operator. The property closed on November 14, 2025. The buyer is Hospitality Management Services c/o Yogash Kumar of New Mexico, an experienced hotel owner and operator who consults and manages multiple hospitality assets across the region.

While the price per key is notably low by industry standards, Kumar said the property was in satisfactory condition at the time of sale and viewed the hotel as an excellent value and long-term opportunity. The buyer intends to continue operating the hotel in its current extended-stay format and sees operational efficiencies and market repositioning as the primary drivers of upside, rather than any need for a significant renovation.

The seller, Service Properties Trust (SVC)—a publicly traded lodging and service-focused real estate investment trust—has been actively deleveraging its portfolio over the past several years. As part of this national strategy, SVC has been divesting older or non-core Sonesta-branded hotels, particularly those in secondary markets or with extended-stay product types. These streamlined dispositions often emphasize balance-sheet simplification and exit velocity over maximum pricing, leading to accelerated closings at below-replacement-cost values.

The Tucson Sonesta ES Suites fits that broader profile. Built in the 1980s and converted through several flags before joining the Sonesta family, the hotel occupies a deep site on Tucson’s east side retail corridor. It includes one- and two-bedroom suites with kitchens, an outdoor pool, and extended-stay amenities. Despite its age, the property has maintained steady occupancy under Sonesta and remains well-positioned for travelers seeking longer-term accommodations in the mid-market segment.

At $27K per room, the acquisition offers a below-market basis, giving the buyer significant room for operational enhancements or future repositioning. Extended-stay hotels in similar vintage and secondary markets have traded between $25K and $45K per key nationwide, making this transaction consistent with current national pricing for stabilized but older inventory—particularly when sold by large REITs conducting strategic portfolio reductions.

Summit Hut Retail Building Sells for $3.5 Million in Net Leased Sale

Summit Hut

TUCSON, AZ (November 20, 2025) — The iconic Summit Hut retail property at 5251 E. Speedway Blvd. in Tucson has sold for $3.5 million ($152.07 PSF) to WAA 5251 E. Speedway Blvd, LLC, an affiliate of Brown Wordon Properties, LLC. The seller was Inspired Adventure Investments, LLC of Tucson.

The transaction involved a 22,960-square-foot retail building situated on 1.54 acres. Originally built in 1956, the property is located in Tucson’s Avondale district, within the Northeast submarket, and includes approximately 140 parking spaces.

Natalie Furrier and Greg Furrier, Retail Specialists with Cushman & Wakefield | PICOR, represented the seller. Robert C. Glaser, SIOR, CCIM, and Paul Hooker, SIOR, Principals with Cushman & Wakefield | PICOR, represented the buyer.

The well-known outdoor retailer Summit Hut has long been a fixture in Tucson’s active lifestyle community, serving as a hub for gear and expertise in outdoor recreation. The sale represents an investment transaction reflecting continued confidence in Tucson’s core retail corridors.

For more information, brokers can be reached at Cushman & Wakefield | PICOR at 520.748.7100.

Source: RED Comp #12167.

Local Real Estate Leader Gary Heinfeld Surpasses $250,000 Raised for Easterseals Blake Foundation Through El Tour de Tucson

TUCSON, AZ (Nov. 20, 2025) — Easterseals Blake Foundation (ESBF) announced today that longtime Tucson commercial real estate professional Gary Heinfeld, CPA (Ret.), CCIM, has surpassed $250,000 in cumulative fundraising for the organization through his participation in the annual El Tour de Tucson. This year alone, Heinfeld raised more than $25,000 for ESBF, continuing his legacy as one of the most dedicated philanthropic riders in the event’s history.

A retired accountant and cofounder of the prominent firm Heinfeld Meech & Co., Heinfeld has deep roots in Southern Arizona’s business and nonprofit communities. He is also an active member of the Southern Arizona CCIM Chapter, where he continues to contribute to the region’s commercial real estate industry.

Heinfeld began cycling 12 years ago following a series of knee surgeries. His introduction to the sport came from his nephew, who bought him his first bike and joined him for his first three 100-mile El Tour rides. But Heinfeld’s deeper inspiration came from his late son, Ryan W. Heinfeld, who received services from Easterseals Blake Foundation after suffering a traumatic brain injury during his senior year of high school.

“Riding for Easterseals became my way of giving back,” Heinfeld said. “After Ryan passed away, the ride took on an even greater purpose—I ride every year in his memory.”

Heinfeld’s commitment has made him one of El Tour de Tucson’s most successful fundraisers of all time. He was the Top Fundraiser for Easterseals Blake Foundation every year he rode, and from 2014 through approximately 2021, he consistently earned the El Tour de Tucson Top Fundraiser Award—an honor bestowed upon the event’s highest individual fundraiser until the award program concluded in 2022.

“I never imagined this would grow to $250,000,” Heinfeld said. “The generosity of friends, family, colleagues, and the Tucson community has been overwhelming. I am truly blessed to be surrounded by people who believe in helping children and families in need.”

Easterseals Blake Foundation provides vital services to thousands of children, adults, and families across Southern Arizona, including early childhood development, disability services, behavioral health, family stability programs, foster care support, and more.

“Gary’s dedication is extraordinary,” said an ESBF spokesperson. “His commitment honors his son’s legacy while making a meaningful difference for the individuals and families we serve every day.”

For more information about Easterseals Blake Foundation or to support Heinfeld’s ongoing fundraising efforts, visit Gear Up for Good 2025 or contact Gary at [email protected].