665 North Freeway
Tucson, AZ 85745 ·
132 Rooms · Hotel & Motel For Sale
|Price||N/A||Property Use Type||Business For Sale|
|No. Rooms||132||Average Daily Rate||$52|
|Building Size||1 SF||RevPAR||$28|
|Property Type||Hotel & Motel||Corridor||Interior|
|Property Sub-type||Economy/Limited Service||Lot Size||3.33 AC|
|Listing ID: 18359928||Date Created: 09/16/2013||Last Updated: 11/26/2013|
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.
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