For Sale
$6,900,000

1365 West Grant RoadTucson, AZ 85745

Grand Luxe Hotel & Resort (GLH) in Tucson, AZ

Overview

Added:
Jan 28
Days on market:
67
NewGen Advisory is proud to present the Grand Luxe Hotel & Resort (GLH) located in Tucson, Arizona. Listed under replacement cost, this hotel is a great opportunity for an owner/operator looking for a turn-key property with a great return.

The Grand Luxe Hotel & Resort offers an opportunity for an investor seeking an alternative-use project. The City is in full support for these conversion projects due to Tucson’s severe housing shortage. The property sits on close to 6 acres of land and features 148 guest rooms with over 520 parking spaces.

Whether the property is kept as a motel or changed into apartments, affordable housing, or operates as a non-profit shelter – the property will thrive.

Location Description
The Grand Luxe Hotel & Resort is strategically located right off Interstate-10. Guests enjoy convenient access to the University of Arizona and Downtown Tucson, both just a short drive away. This prime location allows you to explore a variety of local attractions, including the lively Historic 4th Avenue, the bustling Main Gate Square, and the excitement of the U of A Football and Basketball Stadiums, all within easy driving distance.

Nature lovers can take a short trip to the beautiful Saguaro National Park, while families can visit the popular Reid Park Zoo for a fun day out. The hotel’s proximity to Tucson International Airport also makes it a convenient choice for travelers. Whether tourists are in town for business or leisure, the Grand Luxe Hotel & Resort puts guests at the heart of Tucson’s vibrant energy.

Highlights

  • Prime location in Central Tucson off of Interstate – 10 and in close proximity to University of Arizona and Downtown Tucson Priced right for either hotel owner/operator or adaptive reuse project for affordable housing / non-profit organization / student housing Steady income generated at over $13,000/month from leased restaurant on-site: Angry Crab & BBQ Liquor license is included with the sale of property Large 16,000 sq ft banquet facility included All rooms feature adjoining doors to making it easy to combine units

Property Details for 1365 West Grant Road

Property type
Hotels, Hospitality properties
Square Feet
91,308 SF
Price / Square Foot
$75.57
Year Built
1967
Total Parking Spaces
520
Elevators
N/A
Lot Size (sq. ft)
259,182 SF
Units
148

Location Insight

City
Tucson
County
State
Arizona

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1365 West Grant Road
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