Hodges Ward Elliott is pleased to present the opportunity to acquire the fee-simple interest in the 125-room Hilton Garden Inn Tucson Airport. Located just over one mile from Tucson International Airport, the Property is ideally positioned to benefit from the airport's ongoing $1.5 billion expansion and the continued growth of one of the Southwest's most diverse and dynamic markets. Anchored by a deep base of defense, aerospace, education, healthcare, and technology companies alongside an abundance of leisure attractions, Tucson generates consistent year-round demand. The Hilton Garden Inn represents a compelling opportunity to acquire a well-located asset with meaningful renovation upside, offered free and clear of existing management and financing.
Property Overview
| ADDRESS: | |
| YEAR OPENED: | 2008 |
| KEYS: | 125 |
| STORIES: | 3 |
| MEETING SPACE: | 5,013 SF |
| F&B: | The Garden Grille & Bar |
| AMENITIES: |
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| INTEREST CONVEYED: | Fee Simple |
| MANAGEMENT: | Unencumbered |
| LABOR: | Non-Union |
Investment Highlights
CLOSE TO THE TUCSON INTERNATIONAL AIRPORT, UNDERGOING TRANSFORMATIONAL EXPANSION
The Hotel is situated less than five minutes from Tucson International Airport, a vital transportation hub, spanning over 8,000 acres and ranking as Arizona’s second busiest airport. In 2025, the airport had 3.9 million passengers, its highest volume on record and a 1.2% increase over the prior year. Served by seven major airlines with 17 nonstop destinations and over 400 destinations accessible with one connection, TUS offers exceptional regional and national air access. The airport serves as an economic powerhouse, contributing $8.3 billion annually to Tucson’s economy and supporting approximately 45,000 jobs. The airport is undergoing a decade-long $1.5 billion expansion encompassing terminal and concourse upgrades, with a $400+ million Airfield Safety Enhancement Program currently underway adding a third full commercial runway.
THRIVING MSA & DIVERSE ECONOMY
The Tucson metro area is Southern Arizona's cultural and economic hub, with a GDP of $66.7 billion and significant presences in defense manufacturing, education, technology, aerospace, mining, tourism, and healthcare. Due to its geographic location, low cost of doing business, highly educated workforce, and business-friendly environment, Tucson has earned a reputation as an innovative and dynamic market for business growth. It is the second largest city in Arizona and anchors a metro area with a population of over one million people. Commonly referred to as "Optics Valley," Tucson is estimated to be home to between 100 and 300 companies involved in the design and manufacturing of optics and optoelectronics systems. The University of Arizona, with more than $1 billion in annual research expenditures, anchors a thriving innovation ecosystem alongside Tech Parks Arizona, collectively helping position Tucson among the top emerging tech markets in North America. Tucson's total tech employment has grown significantly in recent years, complemented by a growing startup culture that has earned the city recognition as one of the top markets for entrepreneurs in the country.
| Industry | Share | GDP Estimate |
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BOOMING DEFENSE & AEROSPACE INDUSTRY
Tucson’s defense and aerospace industry is experiencing an unprecedented period of growth driven by a surge in federal contract activity and a fundamental reimagination of the region's military mission. RTX's Raytheon Missiles & Defense, Tucson's largest private employer with more than 13,000 local employees, secured $55.5 billion in contracts during the last fiscal year and has committed to a significant production ramp-up of its Tomahawk and AMRAAM missiles at its Tucson facilities. Further reinforcing the sector's momentum, Northrop Grumman awarded a $100+ million contract to Tucson-based Paragon Space Development for life-support systems for the Habitation and Logistics Outpost program, reflecting Tucson's growing aerospace economy alongside its broader defense sector. Simultaneously, Davis-Monthan Air Force Base is undergoing a complete mission transformation, retiring its A-10 Warthog fleet and establishing the 492nd Special Operations Wing, a 30+ year mission expected to preserve the base as an anchor within the region.
Sonoran Desert
MARKET POISED FOR LONG-TERM GROWTH
The Tucson region is quickly becoming one of the nation’s most innovative business centers. The city’s optics industry is world-renowned, the aerospace and defense industry continues to grow, and Tucson’s emerging solar industry points to a bright future. The University of Arizona provides internationally leading life sciences programs and research facilities, attracting companies from all over the country. The geographic location not only lends itself to being a vital transportation and distribution hub, it also makes for an idyllic destination for outdoor activities and use of solar technology. Four mountain ranges surround the city, providing ample hiking and exploring opportunities, and the Sonoran Desert covers the region with its dramatic beauty, providing an authentic Southwestern experience. Downtown Tucson has seen a renaissance over the last several years. The development of the streetcar and revitalization of downtown have helped transform the city into a vibrant hub for entertainment, business, and the arts. Tucson is also a desirable place for retirees, boasting no taxes on Social Security benefits. The city’s outdoor, healthy lifestyle, famed for its legendary sunshine, combined with the many emerging and growing industries, influx of technology talent and companies, the ever-increasing focus on renewable energy, and the local governments’ desire for continued investment all come together to create a unique, budding city with an established track record.
University of Arizona
Downtown Tucson
INSTITUTIONALLY MAINTAINED AND OPERATED WITH RENOVATION UPSIDE
The Hilton Garden Inn represents the opportunity to acquire an institutionally maintained and operated asset in one of Arizona’s premier markets. The Property offers meaningful RevPAR upside through a targeted renovation, allowing a new owner to drive enhanced returns through operational optimization and improved flow-through. Following the renovation, new ownership should be able to further strengthen the Property’s competitive positioning and support incremental performance gains.
CLEAN INVESTMENT OFFERING
The non-union, fee-simple interest in the Hilton Garden Inn is being offered free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.