Off-Market Deal in UES

Investment Highlights

Tucson extended-stay hotel opportunity. 126-key fee-simple, non-union WaterWalk by Wyndham delivered in 2023 with no near-term CapEx needs. Unique hybrid model featuring 96 hotel rooms and 30 apartment-style units, all with full kitchens and in-unit washer/dryers. Located in an Opportunity Zone near major medical, aerospace, government, and university demand drivers. Performance continues to accelerate with YTD revenue up 23%, March RevPAR up 25%, and T12 NOI approaching $2M. Efficient operation with just 13 employees, plus a recently awarded military lodging contract expected to further support occupancy and cash flow. Asking: $25M ($200K/key) | 8.5% Cap on T12 March 2026 | ~10% Cap on Projected NOI.