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Woori Enterprise, Inc. of Chandler, AZ (Kevin Suk Yoon, director) purchased the Holiday Inn Express Tucson Airport at 2548 E Medina Rd. for[mepr-show rules="58038"]$5.15 million ($44,000 per room). The seller, Lyon Parks, Inc. (Debbie Miller, VP) of Bloomington, IL acquired the property in 2011 as part of a trustee sale.
The 3-story, 52,294 sq. ft. hotel sits on a 2.65 acre lot, and houses 60 one-bed rooms, 38 double-bed rooms, and 19 suites for a sum total of 117 rooms. Amenities include a 24-hour business center, a health center that was updated in 2009 with new treadmills, stair stepper, bicycle, elliptical cross-trainer, scale and television, and for recreation, there are barbeque grills and an outdoor pool for guests.
Both investor and seller are privately held companies. The property reportedly plans to continue operations as a Holiday Inn Express a brand owned by the InterContinental Hotels Group of Utah (NYSE: IHG) that consists of nine hotel brands in the industry: InterContinental Hotels & Resorts, Crowne Plaza, Hotel Indigo, Holiday Inn Hotels and Resorts, Holiday Inn Express, Even Hotels, Candlewood Suites, Hualuxe Hotel and Resort, and Staybridge Suites. The IC Hotels Group includes more than 3,600 hotels located in nearly 100 countries.
InterContinental Hotels Group can be contacted at (800) 621-0555 and the Holiday Inn Express at Tucson Airport is at (520) 889-6600.
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