Historical Hotel & Motel Sale Listing - Ramada Limited

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Ramada Limited

665 North Freeway, Tucson, AZ 85745

N/A

132 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
132
Building Size:
1 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Business For Sale
Average Daily Rate:
$52
RevPAR:
$28
Corridor:
Interior
Lot Size:
3.33 AC
Listing ID
18359928
Last Updated
147 days ago

Utilities

Description

Marcus & Millichap is pleased to present the Ramada Limited Tucson West. The subject property is a two story, 132 room exterior corridor hotel built in 1972. This property is listed at $4,975,000 which is a 8.41 percent cap rate at a 3.58 Room Revenue Multiple. At list price, the property will generate a total return of 13.37 percent. For the trailing twelve months ending August 2013, the occupancy is 54.5 percent, ADR is $51.91, and the RevPar is $28.29. The new owner has the potential to increase the net operating income through on site management which should result from a reduction in operating expenses.

Great freeway frontage on Interstate 10 in Tucson, AZ.

Map of 665 North Freeway, Tucson, AZ 85745 (Pima County)

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Created 9/16/2013