Overview

Description

NewGen Advisory is proud to present the GLH Hotel located in Tucson, Arizona. Listed under replacement cost, this hotel is a great opportunity for an investor looking for a turn key property with a great return.
This is an ideal opportunity for either an owner/operator or for an alternative use investor looking to repurpose this to a more productive use. Whether the property be kept as a motel or be changed into apartments, affordable housing or operate as a non-profit shelter - the property will thrive. 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 or land and features 148 guest rooms with over 520 parking spots. A large 16,000 sqft ballroom is also included in the sale along with a liquor license.

The GLH Hotel is strategically located off of Interstate - 10 and within a short drive from the University of Arizona and Downtown Tucson. This location offers various attractions, all within driving distance such as Historic 4th Avenue, Main Gate Square, and U of A Football/Basketball Stadium.

Tucson Electric Power Company

Southwest Gas

Highlights

• PRIME LOCATION in Central Tucson off of Interstate - 10, Near University of Arizona and Downtown Tucson
• Priced Right for Either Hotel Owner/Operator or Affordable Housing / Non-Profit Organization
• Steady Income Generated of over $13,000 / month from Angry Crab Shack
• Liquor License Included with the Sale of Property
• Large 16,000 sqt Banquet Facility Included with the Sale of Property

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