TUCSON— New York City-based MetLife sold the Hilton El Conquistador Golf & Tennis Resort and the El Conquistador Country Club located in Tucson to Tucson-based HSL Properties. The asset is situated on two separate parcels totaling approximately 383-acres and was purchased for $15 million.

The CBRE Hotels' team who negotiated the transaction on behalf of the seller consisted of Jerry Hawkins in Tucson.; S. Douglas Henkel in Norfolk, VA; Lewis C. Miller in Atlanta, GA.; Andy Wimsatt in Washington, D.C. and Jeff Woolson in Carlsbad, CA.

HSL Properties has announced plans for $16 million in rehabilitation and capital improvements on the hotel portion of the property. The rehab work is slated to take place over the next 12 to 18 months, with most of the work happening in the slower summer months. HSL has also started the process to split off the resort's country club and 45-hole golf course. The town of Oro Valley will purchase those assets plans to turn the 31,475-square-foot club building into a community center and contract out the golf course operations. HSL hopes to finalize that sale by March 1.