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. The GLH Hotel is strategically located off of Interstate - 10 and within a short drive from the University of Arizona and Downtown Tucson. This location offers various attractions, all within driving distance such as Historic 4th Avenue, Main Gate Square, and U of A Football/Basketball Stadium.