Marcus & Millichap has arranged the sale of the 149-room Courtyard Tucson Airport in Tucson, AZ.
“This transaction highlights the continued investor demand for well-positioned hospitality assets in strong airport submarkets like Tucson,” said Ebrahim Valliani, SVP, investments, Marcus & Millichap. “The property’s recent renovations and proximity to Tucson International Airport made it a particularly attractive opportunity for both the buyer and seller.”
Valliani and Michael Klar, senior associate, both investment specialists in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller and secured the buyer. Both entities are limited liability companies. The transaction received additional support from Allan Miller and Chris Gomes of the Miller-Gomes Hotel Team. Ryan Sarbinoff is the firm’s broker of record in Arizona.
The three-story hotel is located on 3.99 acres just off Interstate 10 and less than a mile from Tucson International Airport. Built in 1988 and renovated in 2021, the hotel offers an outdoor pool, fitness center, business center, on-site bistro and meeting space.
