This Hospitality Property is no longer advertised on LoopNet.com.

639 N Grand Ave
Nogales, AZ 85621

Hotel Americana · Hospitality Property For Sale · 71,275 SF

INVESTMENT HIGHLIGHTS

  • An opportunity for a more hands-on owner to realize the significant upside of acquiring an absentee-owned asset.
  • An investor can expect a new, 20-year franchise license agreement with Choice upon completion of the brand-mandated change-of-ownership PIP.
  • A third-party management company operates the absentee-owned hotel property.
  • The hotel’s rooms revenue increased 56.8% in the year-to-date June 2022 period, compared to the same period last year.
  • After completing the change-of-ownership PIP, the investor will have a newly renovated product with the ability to increase room rates.
  • The hotel’s June 2022 trailing-twelve-month rooms revenue equated to $1,305,000 (rounded).

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.36 AC
Building Size 71,275 SF
No. Stories 2
Year Built 1970
Parking Ratio 1.99/1,000 SF
Corridor Interior

AMENITIES

  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

ZONING

Zoning Code NA
  • Listing ID: 26158144

  • Date on Market: 7/13/2022

  • Last Updated:

  • Address: 639 N Grand Ave, Nogales, AZ 85621