NewGen Advisory is proud to present for sale, the fee simple interest of the former Quality Inn in Sierra Vista, Arizona. Located 90 minutes south of Tucson, this asset is situated in the center of town with multiple demand generators. Sold in 2022 to an apartment developer, the hotel was closed down and underwent a substantial renovation to convert all of the rooms to studio and 1 bedroom apartments. Due to rising interest rates and general contractor delays, the developer was forced to forfeit the property to the lender. The hotel is in different phases of redevelopment, and we estimate to be around $2,600,000 worth of capital expenditures required to bring the hotel to like new condition. Given that the hotel is designed to have 16 of the 91 rooms as extended stay rooms, this project is an ideal dual brand hotel opportunity. We have multiple brands who are interested. Please contact us for franchise referrals.