Holiday Inn Express — Sale in Asheville, NC
- Price: Contact for price
- Listing type: For sale
- Asset type: Hospitality Business
- Location: Asheville, NC 28804
- Year built: 2024
Photos
Investment Figures
- Cap rate
- 7.58%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the opportunity to acquire the Holiday Inn Express Asheville, a 109-unit select-service hotel strategically positioned in one of Western North Carolina’s most visited and economically dynamic markets. Located in Asheville, the property benefits from strong year-round demand generated by the area’s vibrant tourism industry, outdoor recreation, medical and educational institutions, and diverse corporate base. Branded under the widely recognized Holiday Inn Express flag, the hotel offers an efficient select-service operating model paired with amenities designed to meet the needs of both business and leisure travelers. The property is well positioned to capitalize on Asheville’s steady flow of visitors drawn to the city’s downtown attractions, Blue Ridge Parkway, Biltmore Estate, and surrounding demand generators. Investment Highlights: • Immediate access to I-240 and I-40, with the property located just two miles from downtown Asheville • Proximity to the Biltmore Estate (2.9 miles), a premier regional attraction drawing over 1.4 million visitors annually • Minutes from major demand generators including downtown Asheville, the River Arts District, Mission Health, and Harrah's Cherokee Center Asheville • Positioned near the Blue Ridge Parkway and Great Smoky Mountains, providing strong leisure demand driven by outdoor recreation and scenic tourism • Upcoming Biltmore Championship (September 2026), an inaugural PGA Tour event expected to further validate and enhance the market's strong tourism demand
Market Context
This hospitality in Asheville, NC is listed for sale. It is offered at an approximate 7.6% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2024. Compare it against other hospitality listings for sale in Asheville, NC — view the full market.
Contact
- Jack Davis · (843) 952-2253 · jack.davis@marcusmillichap.com
- Joce Messinger · (843) 952-2255 · joce.messinger@marcusmillichap.com
- Chase Dewese · (704) 831-4636 · chase.dewese@marcusmillichap.com
- Charles Gallagher · (704) 831-4600
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