The Rio Nuevo Board advanced a $38 million plan by Opwest Partners to revitalize the 23-story tower at 1 S. Church Ave. into a Marriott Tribute hotel.

Opwest Partners’ project would convert eight lower floors into a hotel with about 150 rooms, 1,500 square feet of meeting space, a 4,000-square-foot restaurant, and a fitness center. Floors 11 through 23 would remain office space.

Tyler Kent with Opwest said the development is expected to bring in $1.6 million in annual tax revenue in years 4 through 9 and reach $1.9 million in year 10. After year 10, that revenue is projected to reach $2 million per year.

Related News

May 19, 2023
New hotel in Tucson’s tallest building now accepting guests
November 24, 2021
Marriott is opening a new hotel in Tucson’s tallest building
September 9, 2021
Rio Nuevo Holds Special Meeting for Time Sensitive Downtown Projects
December 20, 2020
8 floors of downtown tower will be transformed into a hotel, developers say
December 2, 2020
Tucson Real Estate: Investors buy part of city’s tallest building for hotel project
December 19, 2019
Downtown Tucson tower could be home to hotel
December 19, 2019
Rio Nuevo Advances Hotel Plan for 1 South Church
error: Content is protected !!