Mountain Inn and Suites Flat Rock

755 Upward Road I-26 at Exit #53,
Flat Rock, NC 28713-5665

 

$4,450,000
Offering Price
$552,467
NOI
12.41%
Cap Rate
3.49
RRM
68
Total Rooms
$65,441
Price Per Key
$4,450,000
Offering Price
$552,467
NOI
12.41%
Cap Rate
3.49
RRM
68
Total Rooms
$65,441
Price Per Key

Investment Summary:

  • Amazing well-maintained privately-owned brick hotel located just south of Asheville, NC, and less than 4 miles from Downtown Hendersonville & Historic Flat Rock. Flat Rock is a popular destination for visitors to Asheville, Biltmore Estate, Chimney Rock, The Blue Ridge Parkway & The Flat Rock Playhouse (to name a few). The property perfectly positioned off I-26 with local and chain restaurants surrounding this hotel. The Hotel offers travelers a convenient location and well-appointed rooms with free continental breakfast and free laundry service to include washing and drying and folding of clothes this is perfect for weary visitors and vacationers making a pit-stop along their excursions. The hotel offers scenic mountain views and area natural and historic attractions many travel to to explore.

Investment Summary

  • The Asset: The Mountain Inn and Suites is conveniently located off I-26 that is convenient to i-40 and accessible near to all major natural and historic attractions both metropolitan and small-town. The hotel also offers convenient commute to several private and public universities which include, Western Carolina, UNC-Asheville Campus and more.
  • Franchise Conversion Opportunity: The Mountain Inn and Suites has been a private independently operated hotel and has successfully maintained and continued to stay competitive in the market. However, this hotel's location could successfully be converted into a Country Inn and Suites or many other Franchise choices.
  • Management and Debt: The hotel is offered unencumbered of any debt and current managers have been on property for over 25 years and could assist in a smooth transition of ownership.

Easy Access to:

  • *Asheville's Regional Airport (12 Miles) * Greenville-Spartanburg, SC Airport (30 Miles) * Off I-26 Exit 53 * I-40 nearby Accessible to Area Attractions: *The Blue Ridge Parkway *Dupont State Park *The Biltmore Estate *Pisgah National Forest *5 Min from Historic Hendersonville *Downtown Asheville with 30 independent galleries and 100+ retail shops *Nearby to the WNC's Nature Center with 40 acres of animals in their Natural Habitat *Chimney Rock Park covering 1000 acres *Flat Rock Playhouse *The Carl Sandburg Author and American Poet's home *The Gorge Zip-line *Zen Tubing and Much More
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com