Country Inn & Suites for Sale in Tucson, Arizona
SOLD

The hotel is conveniently located just minutes from terminals of Tucson International Airport, University of Arizona, Old Tucson Studios, Davis Monthan Air Force base. The 3 story hotel building is 3½ years young and it has absentee ownership. Hotel Features: Executive business center with computer, fax machine and copier Outdoor Pool Outdoor whirlpool Health Club Facility on site featuring stationary bike, stairstepper and treadmill All public areas are wheelchair accessible The property is on fee (owned) land. From the site plan, it appears the property is 320.76' deep and 300.54' wide. It lies east of the Enterprise Car Rental lot (which has a drive directly from Tucson Boulevard, which is the Airport entrance to the Country Inn & Suites) plus access from Medina Road (as does the Holiday Inn Express). Country Inn & Suites are part of the "Carlson" family, Radisson being their top Franchise. The protection area extends in a three mile radius and the term is 15 years. The franchise is not automatically transferred. The buyer must make an application for a new Franchise and pay agreed upon affiliation fee to Franchisor. We have a copy of the existing Franchise for you to review during your due diligence. Room Mix: Total of 83 keys 18 King suites 3 Presidential suites 34 King rooms 28 Rooms with 2 queen beds Room Features: Hairdryers Coffee pots Ironing boards Irons 25" color TV's with remote control Price Reduced Price: $3,900,000 $3,600,000 Would probably cost you around $5,000,000 to build it today! There is an existing variable rate mortgage of approximately $2,800,000 which possibly could be assumed by a qualified buyer, if financial statement satisfies Fargo, North Dakota Bank.