Country Inn & Suites Tucson Airport Sells for $5.15 Million

TUCSON, ARIZONA – Country Inn & Suites at Tucson Airport sold for $5.15 million ($62,048 per room) to Progressive Hospitality, LLC of Mukiltee, Washington. Located at 6681 South Tucson Blvd. in Tucson, the 26,604-square-foot hotel on 2.21 acres was built in 2000 with 83-rooms.

All rooms include: free, hot breakfast, free Wi-Fi, flat-screen cable TV with HBO, pet friendly, work desk with lamp, microwave, refrigerator, coffee/tea facilities, free weekday USA TODAY® Newspaper, hair dryer in room, iron & ironing board, complimentary local calls and long-distance access, voicemail, alarm clock/radio, cribs available, rollaway beds available (Standard King Rooms only), and  children 18 and under stay free in same room as an adult.

Standard Rooms includes a choice of one king or two queen size beds and standard amenities like free Wi-Fi and a flat-screen TV with HBO.

One-bedroom Suites enjoy the privacy of a separate bedroom with King Bed and flat-screen TV and a telephone. The living area includes a sleeper sofa, a second flat-screen TV and a second

Premium One-bedroom Suite includes a living area with a wet bar, a flat-screen TV, a phone and a sleeper sofa. The private bedroom offers an additional TV and phone.

Ryan Sarbinoff with Marcus & Millichap in Phoenix and Aseem Tandon with Marcus & Millichap in Ontario, California handled the transaction for the seller, The Sethi Family Trust.

Sarbinoff told us the property was in excellent condition and closed with its highest occupancy ever.

For more information, Sarbinoff can be reached at 602.687.6750 of Tandon at 909.456.7016.

To learn more, see RED Comp #6275.




Hunter Advises on $7.35M Sale of Phoenix Airport Hotel

Country Inn & Suites Phoenix Sky Harbor International Airport
Country Inn & Suites Phoenix Sky Harbor International Airport

Atlanta-based, Hunter Hotel Advisors announced Wednesday that they advised on the sale of the 106-room Country Inn & Suites Phoenix Sky Harbor International Airport Hotel for a Los Angeles-based hospitality company to an international investment group.

The $7.35 million ($69,340 per room) transaction at 4234 South 48th Street, Phoenix was Hunter’s 6th for their client who is in the process of repositioning their portfolio. Hotel amenities include: airport shuttle (complimentary), business center, fitness center, free high-speed Internet access, guest laundry facility, heated outdoor pool and hot tub, as well as a hot breakfast buffet (complimentary).

“There is an overabundance of capital actively pursuing the better select-service hotel investments today,” said Danny Givertz, senior vice president. “As international money continues to flood the marketplace, investors are willing to get more aggressive than ever before on deals that are in highly desirable markets and well-positioned for significant growth.”

Hunter’s national brokerage offices specialize in full and select-service hotels including portfolios and individual assets for clients ranging from REITs and investment banks to regional hotel owners. Visit www.HunterHotels.net for additional information, or contact the Atlanta headquarters at 770-916-0300.