Iconic Tucson Roadside Motor Lodge Picked by Hospitality Investor
Nostalgia is selling in Tucson. 60 years ago, the towns Miracle Mile, and its motor lodges, were the first introduction to weary travelers making their way across the hot desert. They’d fallen in disrepair, but now, a new-found fondness for the dated motels. The Hacienda Motel was recently bought by a California buyer hoping to convert it into apartments. And now the Riviera Motor Lodge has been bought with the hope of renovating and modernizing the property as an extended-stay hotel.
KP Hospitality paid just over a million dollars for the 22-room property. The Miracle Mile Historic District is composed of four groupings of historic resources that feature some of the best and most iconic examples of roadside architecture in the country. Many of the properties qualify for reinvestment incentives including federal Historic Tax Credits for the rehabilitation of contributing historic buildings.