This Hotel & Motel Property is Off-Market.

665 North Freeway
Tucson, AZ 85745 ·

132 Rooms · Hotel & Motel For Sale

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Ramada Limited

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

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.

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

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