TUCSON, ARIZONA — HSL Properties purchased the Hampton Inn & Suites Tucson East/Williams Center, located at 251 S. Wilmot Road in Tucson, for $8.2 million ($81,188 per room) with plans to renovate the 101-room hotel, built in 2009.

This is the second recent hotel renovation for HSL at Williams Center, in 2015 HSL bought the DoubleTree by Hilton at 5335 E Broadway Blvd., formerly an Embassy Suites, at Williams Center for a $3 million renovation that includes a redesign of the lobby and restaurant, updates to the pool and exterior, and fully-revamped guest rooms.

The Hampton Inn features amenities such as a 24-hour business center, express check-in, and express check-out. This hotel has also has meeting facilities measuring 952 square feet (86 square meters), including a meeting room for up to 50 people.

Guest amenities include an outdoor pool, fully equipped fitness center, standard in-room and lobby WiFi, breakfast and beverage common areas, florist and on-site convenience store.

HSL now owns nine hotels, including the Ritz-Carlton at Dove Mountain and El Conquistador Tucson resorts, with over 1,700 guest rooms in total.

HSL is also building two new Hampton Inn hotels in Marana with 101 rooms, and in Rita Ranch with 104 rooms.

To learn more, see RED Comp #6389.

TUCSON, Arizona – HSL Properties (Omar Mireles, president) of Tucson acquired the 109-room Hampton Inn & Suites at 5950 N Oracle Road and the 76-guestroom TownPlace Suites by Marriott at 5900 N Oracle Road in Tucson for an aggregate price of $12.06 million ($65,189 per room) at auction.

The seller, Miami Florida- based, LNR Partners, was the loan servicer and acquired these and La Posada Lodge & Casitas at 405 W Rudasill Road in 2012. La Posada sold for $2.52 million ($35,000 per room) for the 72-rooms at the same auction.

Bill Murney with Hospitality Real Estate Counselors (HREC) of Phoenix represented the seller in the transactions.

“Located in the high-end Northwest Tucson submarket, all three properties are in excellent condition having completed $6 million of capital improvements in 2014 by the seller,” Murney said. “The Hotels’ highly visible location on North Oracle Road is in a high-barriers to entry area of Tucson, provides easy access to the demand generators in Northwest Tucson as well as great accessibility to the high end shopping and dining amenities of the area.”

The Tucson Mall, situated less than 2 miles from the Hotels, is the largest shopping center in Tucson, and offers over 1.3 million-square-feet of retail space. The Hotels also significantly benefit from demand generators such as the University of Arizona, the U of A Medical Center, Asarco, and Ventana Medical Systems, as well as their proximity to major attractions such as the Saguaro National Park, Santa Catalina Mountains and Downtown Tucson.

HSL preferred the branded hotels for HSL’s Portfolio, now with eight hotels and over 1,100 rooms. Other HSL hotels include The Ritz-Carlton Dove Mountain, Hilton Tucson El Conquistador Resort, The Doubletree Suites by Hilton, Best Western Plus Tucson Airport, and La Quinta Inn & Suites – Reid Park Hotel and Casa San Sebastian in Puerto Vallarta, Mexico.

The buyer of La Posada Lodge & Casitas, Robert Albright, Jr. of Tucson, didn’t mind the hotel not being branded for his first hotel venture.

Murney reported that Tucson is a major beneficiary of market compression in Phoenix, which has assisted in Tucson’s recent strong upswing in its lodging market fundamentals. During the YTD 2016 period, each of Tucson’s defined submarkets have outperformed their 2015 YTD performance by more than 10%. Furthermore, the Tucson Northwest tract, where these Hotels are located, has seen RevPAR growth of over 6% during the previous 12-month period.

For more information, Murney should be reached at 602.732.4777.

To learn more, login and see RED Comps #4580, #4581 and #4596.

[mepr-show rules=”58038″] The Hampton Inn & Suites at 5950 N Oracle Rd, closed on 2/23/2017 at $7,560,000 with 109 rooms including 28 kitchenettes ($69,358 per room). RED Comp #4580.

The TownPlace Suites by Marriott at 405 W Rudasill Rd closed 3/6/2017 at $4,500,000 with 76-rooms ($59,211 per room). RED Comp #4596.

La Posada Lodge & Casitas as 5900 N Oracle Rd closed 2/22/2017 at $2.520,000 with 72-rooms ($35,000 per room). RED Comp #4581. [/mepr-show]

MARANA, Arizona – Build it and they will come proves true for Marana, as the area had the highest home permits pulled last year as well as the highest number of new lots sold – 729-platted lots for new development.

Pima County homebuilders saw a 70 percent growth in permits year-over-year, compared to a 12 percent growth in the Phoenix market, Will White with Land Advisors Organization told us. Most of this growth was concentrated in the Northwest / Marana area over the past few years, as builders are starting to scramble for finished lot inventory.

As the Gladden Farms Elementary School opened this year in Marana, Richmond and Lennar Homes began work on 118-lots in Gladden Farms, Farm Field Five added another 99-lots, Dove Mountain is bringing another 192-lots, Tangerine Ridge has 78-lots under development, and a new 242-lot subdivision is planned at Grier & Sanders Roads, all in Marana.

Marana’s new road infrastructure should be completed in time for its anticipated population growth.

No project will have a bigger impact to the town of Marana than the Ina Road/I-10 Interchange project that moved into a new phase this past week when the I-10 overpass was demolished.

Preliminary work on the $120 million project began last summer. While ADOT is overseeing construction, the Regional Transportation Authority, which is managed by the Pima Association of Governments, is providing funding for the new interchange. In addition, the town of Marana is providing $25 million for work that will widen Ina Road and reconstruct Ina Road bridges over the Santa Cruz River west of I-10.

When complete in about 25 months, the project will ease the flow of traffic at this intersection and improve safety for users of Marana’s roads and I-10.

Improvements to Tangerine Road also continue and the good news for Marana is that its  portion should be completed by end of 2017. When completed, Tangerine will be four lanes, be completely level and include paths and walkways, similar to Twin Peaks Road.

See the Tangerine Road Drone Video here:

A second phase to the project will be improvements along Tangerine from I-10 to Dove Mountain Blvd., but that portion of the project is still down the road and is to include a new park, Tangerine Sky Park, for the area.

Marana News is reporting,  that the Marana road realignment is also underway. According to Town Manager Gilbert Davidson, the plans are 90 percent complete and bidding will begin soon. The hope is to have the project, which will realign the roads leading into the Marana Road Interchange, begin in May. The current configuration can be confusing and dangerous.

Part of this project will also serve as the initial portion of the town’s Marana Main Street project which is designed to create a downtown area in the town. Those first steps to downtown is a roundabout on Sandario that will connect with Marana Road.

The roundabout planning is about 90 percent done and final drawing should be presented soon for construction to begin in the spring with the project completion in about a year.

Construction of the new Marana Police Station will also begin in May and should be completed by the end of 2018. The new facility will have a full array of training facilities, including a gun range and computer simulation rooms. There will be meeting spaces, storage and jail/holding areas that can better accommodate prisoners who may need to stay overnight before being transferred to a long-term facility.

Thanks to the sales tax there will also be no debt on the project. The Sunset tax will go away as soon as the project is fully funded.

A new Marana Wastewater Treatment plant and recharge facility are also moving forward. Those plans are also 90 percent done, according to Marana News. North Marana is growing and the plant acquired several years ago by the town is reaching its capacity. Add to that the town’s desire to maximize effectiveness of the facility is the reason for the recharge portion of the project.

A Hampton Inn will soon be built near the Tucson Premium Outlets at Twin Peaks and I-10. The project is in its final planning stage and construction should commence in 2018.

Top Golf will be coming to the area behind Costco that was previously the Practice Tee. The popular location in Scottsdale includes a state of the art driving range, a bar, and restaurant with entertainment center and television screens is to be open by fall 2017.

More stores are also coming to Arizona Pavilions by the end of the year including Ross, TJ Maxx, Homegoods and Petco to open this year. All the new stores are relocations from outside of Marana, which means new sales tax revenues for the town.

To read the full story by Brad Allis in Marana News click here.