Country Inn and Suites Asheville
845 Brevard Road,
Asheville, NC 28806
 
$5,900,000
Offering Price
$465,490
NOI
7.89%
Cap Rate
3.80
RRM
57
Total Rooms
$103,509
Price Per Key
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$5,900,000
Offering Price
$465,490
NOI
7.89%
Cap Rate
3.80
RRM
57
Total Rooms
$103,509
Price Per Key
Property Overview
The Country Inn and Suites is a limited service 3-story interior corridor hotel. The property is located in Asheville, NC. The hotel is within a short distance to Asheville Airport Airport as well Business parks, the Asheville Outlet Shopping, and just minutes to Downtown Asheville and the famous Biltmore Estates. The asset features 57 rooms and suites, and consists of 1 King and 2 Queen bed guest rooms offering luxury bedding. The entire property was renovated in 2022 with the new Country Inn décor. It is ideally suited for business and leisure travelers. Each guest rooms offers all the up to date amenities such as high speed Internet access, telephones with data ports, Flat screen TVs, iron and ironing board. On site amenities include a pool, fitness center, business center, spacious lobby, vending area, and Guest laundry.
Investment Opportunity
The hotel opened in 1999, and presents itself as a Great Asset with great return potential for savvy investors. This property has just undergone complete Radisson PIP requirements and has received a face-lift in prominent areas and rooms of the hotel. (photos reflect previous PIP requirements) The Country Inn & Suites is one of the leading Select Service brands in the industry and a leader in moderate tier hotels worldwide. The hotel benefits from its proximity to major demand generators and local attractions such as: the Biltmore Estates, Downtown Asheville, and the well attracted Asheville Outlets. As the economy improves, the Midscale and select service hotels such Country Inn and suites continue to thrive and generate better revenues than other midscale chains and having a strong brand name assures great quality and performance. The hotel is delivered free of any encumbrances such as management and debt.
Raddison Affiliation: Our first Raddison hotel opened in Burnsville, Minnesota in 1987. Today, Country Inn & Suites by Radisson is a leader in upper-midscale hospitality with more than 530 locations across the Americas and Asia Pacific. We’ve spent 30-plus years perfecting your home away from home.
Close Proximity to Everything
Asheville Outlets - 1 min drive (Hotel provides: Free shopping center shuttle) Biltmore Estate - 7 min drive Harrah's Cherokee Center - Asheville - 9 min drive The Orange Peel - 14 min drive Asheville Regional Airport (AVL) - 11 min drive Downtown Asheville 12 min drive
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
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