
Courtyard Basking Ridge
595 Martinsville Road, Bernards, NJ, 07920, US
235 单元
JLL’s Hotels & Hospitality Group, as the sole and exclusive agent of the Seller, has been retained to offer for sale the fee simple interest in the 126-unit WaterWalk by Wyndham Tucson (the “Property” or “Hotel” or "WaterWalk") located in Tucson, Arizona.
WaterWalk by Wyndham Tucson presents an opportunity to acquire a newly constructed, 126 unit asset offering a blend of extended stay hotel and apartment living in the resilient lodging market of Tucson, Arizona. Benefiting from exceptional visibility off Interstate 10, the Property operates as a 96 unit extended stay hotel and a 30 unit short term apartment building, giving guests flexibility between furnished and unfurnished accommodations. Each suite features a full kitchen, in unit washer and dryer, spacious living area, and access to market leading amenities, including a fitness center, outdoor pool, grilling patio, sundry market, and pet friendly services. The Property has strong in-place cash and operating margins evidenced by an EBITDA margin exceeding 40%, reflecting the asset’s operational efficiencies and the ability for a new owner to capture robust yield day-one with upside.
The Property’s location is strategically positioned five miles from Tucson International Airport, providing direct access to the area’s most prominent corporate, government, and medical demand drivers, including Raytheon, U.S. Customs and Border Protection, the University of Arizona, Pima Community College, St. Mary’s Hospital, the Tucson VA Medical Center, and Davis Monthan Air Force Base. Additionally, the neighborhood offers immediate proximity to shopping, dining, and recreational attractions such as the Pima Air & Space Museum and Saguaro National Park, catering to long term guests. No new competing supply has been delivered in the surrounding submarket within the past year, positioning the Hotel for continued performance and market share growth.
As confidentiality is important to the Seller, all inquiries, including any questions regarding this investment opportunity, due diligence information, and access to the Property, should be directly directed to the undersigned.
Recently Constructed, Fee Simple, Institutional Quality Asset
Proven Furnished / Unfurnished Model
Strong In-Place Cash Flow and Operating Margins
Tucson: A World-Class Leisure Destination
Robust Lodging Market Fundamentals and Performance
Secured Revenue Stream: Multi-Year Group Contract
Product Flexibility: Resilient Business Model
Lack of Construction and Recent Supply in Market
Capitalize Upon Medical Facility Proximity


