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.
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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Reynolds Mountain Blvd Asheville, NC 28804
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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4 Reynolds Mountain Blvd
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