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Holiday Inn Express Tucson Airport 2548 E Medina Rd 98 Room Hotel Tucson, AZ 85756 $10,900,000 ($111,224/Room) 9.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Completed in 2025 with over $2 million in capital improvements, the property meets IHG’s Formula Blue 2.0 standard and offers turn-key condition with
- Following 15,000+ lost room nights during renovation, the hotel is now stabilized with 2025 pro forma projecting $2.94M in revenue and $1.05M in NOI—p
- Situated less than one mile from Tucson International Airport with immediate access to I-10 and I-19, the hotel benefits from steady demand across cor
EXECUTIVE SUMMARY
PHC Hotel Advisors is pleased to present the Holiday Inn Express Tucson Airport, a fully renovated 98-key IHG Formula Blue 2.0 asset located steps from Tucson International Airport. Strategically positioned at the junction of Interstates 10 and 19, the hotel benefits from steady year-round demand across corporate, government, and leisure segments.
In 2024, ownership invested over $2 million in a full IHG 2.0 renovation—including guest rooms, public areas, and back-of-house systems—bringing the property fully up to brand standards. The result is a turn-key, repositioned hotel now poised to outperform the submarket.
From 2023 to mid-2025, performance was temporarily impacted by 15,000+ out-of-order room nights, which is reflected in trailing financials. With the renovation complete as of June 2025, the hotel enters a stabilization phase with no deferred capex, clean branding, and significant operational upside.
2025 pro forma projections include $2.94 million in gross room revenue and $1.05 million in NOI, supported by market data assumptions (74% occupancy at $109 ADR). Additional yield can be achieved through labor efficiencies and margin-focused management.
Located within one of Arizona’s most resilient submarkets, the asset is surrounded by demand drivers including Raytheon, Davis-Monthan AFB, Amazon, UPS, and the University of Arizona Tech Park. The nearby $1.5 billion Mosaic Quarter project and I-10 industrial expansion further strengthen the long-term outlook for this corridor.
$2M+ IHG Formula Blue 2.0 renovation completed in June 2025
98-room interior corridor hotel on 2.65 acres with 159 parking spaces
Adjacent to Tucson International Airport with direct access to I-10 & I-19
15,000+ out-of-order room nights recovered post-renovation = upside runway
2025 Pro Forma: $2.94M revenue | $1.05M NOI | 8.9% cap rate
SBA 504 & 1031 exchange eligible
Surrounded by long-term demand from Raytheon, Davis-Monthan AFB, Amazon, UPS, UA Tech Park
Located in a supply-constrained growth corridor with $1.5B+ infrastructure investment
In 2024, ownership invested over $2 million in a full IHG 2.0 renovation—including guest rooms, public areas, and back-of-house systems—bringing the property fully up to brand standards. The result is a turn-key, repositioned hotel now poised to outperform the submarket.
From 2023 to mid-2025, performance was temporarily impacted by 15,000+ out-of-order room nights, which is reflected in trailing financials. With the renovation complete as of June 2025, the hotel enters a stabilization phase with no deferred capex, clean branding, and significant operational upside.
2025 pro forma projections include $2.94 million in gross room revenue and $1.05 million in NOI, supported by market data assumptions (74% occupancy at $109 ADR). Additional yield can be achieved through labor efficiencies and margin-focused management.
Located within one of Arizona’s most resilient submarkets, the asset is surrounded by demand drivers including Raytheon, Davis-Monthan AFB, Amazon, UPS, and the University of Arizona Tech Park. The nearby $1.5 billion Mosaic Quarter project and I-10 industrial expansion further strengthen the long-term outlook for this corridor.
$2M+ IHG Formula Blue 2.0 renovation completed in June 2025
98-room interior corridor hotel on 2.65 acres with 159 parking spaces
Adjacent to Tucson International Airport with direct access to I-10 & I-19
15,000+ out-of-order room nights recovered post-renovation = upside runway
2025 Pro Forma: $2.94M revenue | $1.05M NOI | 8.9% cap rate
SBA 504 & 1031 exchange eligible
Surrounded by long-term demand from Raytheon, Davis-Monthan AFB, Amazon, UPS, UA Tech Park
Located in a supply-constrained growth corridor with $1.5B+ infrastructure investment
PROPERTY FACTS
| Price | $10,900,000 | Building Size | 52,294 SF |
| Price Per Room | $111,224 | No. Rooms | 98 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 9.68% | Year Built/Renovated | 1997/2025 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.17/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.76 AC | ||
| Zoning | I-1, P-1 | ||
| Price | $10,900,000 |
| Price Per Room | $111,224 |
| Sale Type | Investment |
| Cap Rate | 9.68% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.76 AC |
| Building Size | 52,294 SF |
| No. Rooms | 98 |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2025 |
| Tenancy | Single |
| Parking Ratio | 1.17/1,000 SF |
| Corridor | Interior |
| Zoning | I-1, P-1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 19 | $193.00 | - |
| Guest Room | 79 | $169.00 | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $738,282 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$738,282
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Holiday Inn Express Tucson Airport | 2548 E Medina Rd
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