4 Reynolds Mountain Blvd | Asheville, NC 28804
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- LoopNet Team
4 Reynolds Mountain Blvd
Asheville, NC 28804
Holiday Inn Express Asheville - Woodfin · Hospitality Property For Sale
·
54,480 sq ft
INVESTMENT HIGHLIGHTS
- Fee-Simple Interest in the 109-Key, Recently Opened, Select-Service Holiday Inn Express Asheville-Woodfin, Unencumbered by Management
- Premier Location in North Asheville, 5 Miles from Asheville Downtown and 15 Miles from Asheville Regional Airport
- Consistent Competitive Set RevPAR of $100-$109 | Pro-Forma Revenue at the Hotel is Expected to Surpass $4,100,000 with a Projected NOI of $1,600,000+
- New-Construction Concrete-Built Asset | Property Opened in May 2024 | 20-Year Franchise Agreement Signed in 2023, Valid Through 2043
- 2.13-Acre Parcel with Visibility to I-26 (59,000 VPD) and Highway19/25 (12,000 VPD)
- Hotel Recently Appraised with a Stabilized Valuation of $21,100,000 | Opportunity to Purchase a Premium-Branded Asset in a Premier Destination Market
PROPERTY FACTS
| Property Type | Hospitality | No. Floors | 4 |
| Property Subtype | Hotel | Year Built | 2024 |
| Costar Property Class | B | Parking Allocation | 1.76/1,000 sq ft |
| Total Plot Size | 2.42 ac | Corridor | Interior |
| Property Size | 54,480 sq ft | ||
| Use Class | CWO-CS | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 2.42 ac |
| Property Size | 54,480 sq ft |
| No. Floors | 4 |
| Year Built | 2024 |
| Parking Allocation | 1.76/1,000 sq ft |
| Corridor | Interior |
| Use Class | CWO-CS |
AMENITIES
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 9730-69-7492-00000 | Improvements Assessment | £5,055,110 |
| Land Assessment | £301,026 | Total Assessment | £5,356,136 |
PROPERTY TAXES
Parcel Number
9730-69-7492-00000
Land Assessment
£301,026
Improvements Assessment
£5,055,110
Total Assessment
£5,356,136
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