ADDRESS
Sonesta Select Tucson Airport (Former Hyatt) - Tucson, AZ
Tucson, AZ, Tucson, AZ 85714
LISTING TYPE
Closed
Limited-Service
PRICE
Sold
PROPERTY ATTRIBUTES
- Status
- Closed
- City
- Tucson
- State
- AZ
- Zip
- 85714
- Type
- Limited-Service
- Keys
- 120
- Corridor (Interior/Exterior)
- Interior
- Stories
- 5
- Year built
- 1997
PROPERTY DESCRIPTION
PHC Hotel Advisors quietly sourced and closed the off-market disposition of the Sonesta Select Tucson Airport (former Hyatt Tucson Airport) - a 120-key, five-story masonry hotel on 3.18 acres directly serving the Tucson International Airport submarket. The buyer, a well-capitalized owner of over 2,500 keys - including the adjacent Best Western Tucson Airport - executed a 1031 exchange to consolidate the airport node and unlock meaningful economies of scale across shared operations, purchasing, and PIP execution. The acquisition provides a rare opportunity to reposition a full-amenity airport asset (business center, F&B bar, meeting rooms, commercial kitchen, fitness center) well below replacement cost, with a clear path to a Hyatt re-flag and comprehensive renovation post-closing. Tucson's airport corridor is trending materially upward as the broader market catches up to the rest of Arizona, and the buyer's proven playbook next door supports significant RevPAR and NOI expansion once repositioned.
FEATURES
- 120 keys, five-story masonry construction
- 3.18-acre airport-adjacent site - Tucson International (TUS)
- Full amenity package: business center, F&B bar, meeting rooms, commercial kitchen, fitness center
- Buyer in 1031 exchange - owns 2,500+ keys nationally
- Buyer owns adjacent Best Western Tucson Airport - economies of scale on operations and PIP
- Clear path to Hyatt re-flag and full renovation post-closing
- Acquired well below replacement cost
- Off-market transaction
- Listed & Sold by Chris Rapacz
LOCATION