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4 Reynolds Mountain Blvd Asheville, NC 28804

109-key hotel, prime location, new construction

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 109-key Holiday Inn Express, opened in May 2024, presents a compelling investment opportunity. The four-story, 56,221-square-foot hotel is situated on a 2.13-acre lot in a thriving North Asheville suburb, boasting convenient access to I-26 (59,000 vehicles per day) and Highway 19/25 (12,000 vehicles per day). Just five miles from downtown Asheville and 15 miles from the Asheville Regional Airport, this location offers unparalleled visibility and accessibility. The property features a range of amenities including an indoor pool, breakfast area, 580-square-foot meeting space, business center, market pantry, and guest laundry room. The 109 guest rooms are comprised of 65 king rooms and 44 two-queen rooms, each complemented by ample parking. Built in 2024, this concrete structure benefits from a 20-year franchise agreement with IHG, extending until 2043. The property is zoned CS (Community Shopping) and was recently appraised at $21,100,000. Financial details, including revenue, NOI, ADR, and occupancy data, are available upon request and execution of a confidentiality agreement. A competitive set analysis reveals a strong RevPAR history, suggesting significant potential for exceeding market averages given the hotel's superior quality, brand recognition, and prime location. This fee-simple offering presents a rare chance to acquire a premium-branded asset in a high-demand destination market.

Property Details for 4 Reynolds Mountain Blvd

Property type
Hospitality properties, Motels
Square Feet
56,221 SF
Year Built
2024
Buildings
1
Stories
4
Lot Size (sq. ft)
92,783 SF

Location Insight

City
Asheville
County
Buncombe
State
North Carolina
Latitude
35.6464879
Longitude
-82.5795027

FAQs

What type of property is this?
Hospitality property - 109-key hotel, prime location, new construction
Where is the hospitality property located?
The property is located at 4 Reynolds Mountain Blvd Asheville, NC.
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4 Reynolds Mountain Blvd
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