1365 West Grant Road

• Prime location in Central Tucson off of Interstate – 10 and in close proximity to University of Arizona and Downtown Tucson
• Priced right for either hotel owner/operator or adaptive reuse project for affordable housing / non-profit organization / student housing
• Steady income generated at over $13,000/month from leased restaurant on-site “Angry Crab & BBQ”
• Liquor license is included with the sale of property
• Large 16,000 sq ft banquet facility included
• All rooms feature adjoining doors to making it easy to combine units

Property Description

NewGen Advisory is proud to present the Grand Luxe Hotel & Resort (GLH) located in Tucson, Arizona. Listed under replacement cost, this hotel is a great opportunity for an owner/operator looking for a turn key property with a great return. This property offers an opportunity for an investor seeking an alternative use project. 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 of land and features 148 guest rooms with over 520 parking spaces. 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.