Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the fee-simple interest in the 123-key Home2 Suites Tucson Airport and the 111-key Home2 Suites Abilene (“Properties” or “Hotels). Strategically positioned in two high-growth Western U.S. markets, these high-performing Hotels (ranked #1 in RevPAR in their respective competitive sets) offer a compelling investment supported by strong economic drivers.
Tucson is benefiting from record-breaking passenger traffic at Tucson International Airport in 2024 and a $1.5 billion airport expansion underway. Meanwhile, Abilene is on the cusp of transformative growth, driven by the $100 billion Stargate Project (part of a $500 billion OpenAI initiative) and the $3.4 billion Lancium Clean Campus, currently under construction.
Property Overview
HOME2 SUITES ABILENE
| Address: | |
| YEAR Opened: | 2019 |
| KEYS: | 111 |
| Stories: | 4 |
| SITE Area: | ± 2.87 Acres |
| Interest Conveyed: | Fee Simple |
| Labor: | Non-Union |
HOME2 SUITES TUCSON AIRPORT
| Address: | |
| YEAR Opened: | 2021 |
| KEYS: | 123 |
| Stories: | 4 |
| SITE Area: | ± 2.62 Acres |
| Interest Conveyed: | Fee Simple |
| Labor: | Non-Union |
Investment Highlights
Geographic Diversity – Stable, Year-Round Demand Across Key Markets
The two-property Portfolio spans two high-growth states, strategically positioned in key Western U.S. markets, within thriving submarkets supported by a diverse mix of demand drivers. The Properties benefit from strong corporate, education, medical, manufacturing, technology, and airport-driven business, as well as robust leisure and group travel. This well-balanced demand base ensures year-round occupancy stability, reducing exposure to market fluctuations and mitigating investment risk for a new owner.
TUCSON - ARIZONA
ABILENE - TEXAS
Tucson Market Overview
Investing in Tucson:
A Rising Hub for Advanced Industries & Research
Tucson, Arizona’s second-largest metro, is home to over 1.1 million residents and serves as the economic and business hub of Southern Arizona.
The city is a key hub for aerospace, defense, photonics, optics, and renewable energy.
Research, development, and manufacturing drive its economy, with Raytheon Missiles & Defense as the largest private employer (over 12,000 employees).
Tucson’s aerospace and defense sector employs nearly 8x the national average.
The city is emerging as a leader in renewable energy and natural resources, supported by the University of Arizona Tech Park and the Arizona Research Institute for Solar Energy.
Tucson International
Airport (TUS)
Proximity: TUS is approximately one mile from the Home2 Suites Tucson Airport and less than eight miles from downtown Tucson.
Size & Importance: TUS spans over 8,000 acres, making it one of the largest commercial airports in the U.S. and is Arizona’s second busiest airport.
Economic Impact: The airport contributes $8.3 billion to Tucson’s economy and supports approximately 45,000 jobs (City of Tucson).
Industry Role: TUS plays a key role in Tucson’s logistics, aerospace, industrial, and technology sectors.
Connectivity: TUS has six international and domestic airlines and offers nonstop service to 19 major cities across the U.S.
Passenger Traffic: In fiscal year 2024, the airport served a record-breaking 3,873,141 passengers, a 2.4% increase over the previous record in 2019.
$1.5 Billion Expansion: Tucson Airport Authority is undertaking a $1.5 billion transformation, including a $400 million runway upgrade to enhance safety, efficiency, and capacity. This decade-long project, the largest in the airport’s history, is primarily FAA-funded and designed to minimize traffic disruptions.
Abilene Market Overview
Abilene:
A Key Regional Hub for Business and Innovation in West Texas
With an MSA population of over 180,000 residents, Abilene serves as a key regional hub for business and culture in West Texas.
The city's economy is driven by sectors such as agriculture, manufacturing, and healthcare, with growing investments in technology and renewable energy.
Abilene is home to several universities, including Abilene Christian University and Hardin-Simmons University, fostering innovation and research in various fields.
Situated along major highways and close to key markets in Texas, Abilene benefits from its central location for logistics and distribution.
Abilene is seeing significant infrastructure investments in transportation, education, and technology, positioning it for future growth in both industry and population.
Serving as a key transportation hub, Abilene Regional Airport (ABI) provides convenient access to major cities, enhancing Abilene's connectivity for business and tourism.
Transforming Abilene:
$100B Stargate Initiative and $3.4B Crusoe Energy Data Center
$100 Billion Stargate Initiative in Abilene: The Stargate Project will invest $500 billion in critical AI infrastructure across the U.S., with $100 billion deployed immediately in Abilene. The project is expected to create over 100,000 domestic jobs almost immediately.
$3.4 Billion Investment in Abilene: Crusoe Energy Systems is investing $3.4 billion to build a 200 MW data center at the Lancium Clean Campus in north Abilene. The project, covering 998,000 square feet, is set to create 100 highly skilled jobs and is scheduled for completion by 2025, with the space to be leased to a Fortune 100 tenant.
Competitive Set Leaders
Since opening, both Properties have consistently outperformed their competitive sets. Home2 Suites Tucson Airport and Home2 Suites Abilene achieved year-end 2024 RevPAR indices of 137.4% and 134.5%, respectively—ranking #1 in their respective competitive sets every year since opening.
A Fresh Edge – Modern Hotels in Their Submarkets
Opened in 2021 (Tucson) and 2019 (Abilene), the Home2 Suites properties stand out as some of the newest select-service hotels in their respective submarkets—Tucson South Airport and Abilene. In markets where competing properties average over 30 years in age, these Hotels offer a contemporary alternative well-positioned to capture demand from a diverse range of drivers.
