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1450 Tunnel RdAsheville, NC 28805
Holiday Inn Asheville East-Blue Ridge Parkway
Asset ClassHotel & Hospitality
Prime Investment Opportunity in a Top 2025 Destination Hotel Market
overview of deal

Overview

HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 111-room Holiday Inn Asheville East-Blue Ridge Parkway (“Hotel” or “Property”), situated at 1450 Tunnel Rd Asheville, NC 28805.

 

The Holiday Inn Asheville East-Blue Ridge Parkway presents an exceptional opportunity to acquire a primely located asset in the highly coveted Asheville, North Carolina market. Situated less than a mile from the entrance to the Blue Ridge Parkway and Billy Graham The Cove, the Property is also near key attractions, like Biltmore Estate and Downtown Asheville. Investors will enjoy substantial tourism in a supply-restricted area and similarly benefit from higher education and health care demand. The Hotel’s exposure to key routes with considerable annual visitation and access to the Asheville Regional Airport facilitate a favorable long-term outlook for prospective owners.

 

Asheville’s tourism-oriented economy witnessed positive year-over-year growth in September 2025. Limited new supply stemming from the city’s challenging topography and intricate development regulations, coupled with the Hotel’s strong comp set performance and RevPAR upside potential, creates an ideal investment environment for owners seeking to capitalize on leisure demand and maximize returns.

 

Further, the 111-room Hotel features a full-service bar and grille, meeting space, and pool, allowing guests to continue relaxation after a long day of adventure in the picturesque Blue Ridge Mountains and bustling western North Carolina city. The Property is an exceptional performer among its Holiday Inn peers and ranked in the top 15% for customer satisfaction. The investment is available below replacement cost, unencumbered by debt and management, and fee-simple.

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Investment Highlights

Strong Comp Set Performance and RevPAR Upside Potential

 

Offered Well Below Replacement Cost

 

Located Less than a Mile from the Blue Ridge Parkway

 

Ranked Among Top 15% of Holiday Inns for Customer Satisfaction

 

Exposure to Most Visited National Park Highway and Critical Interstate

 

High Barriers to Entry

 

Proximate to Higher Education and Medical Demand Generators

 

Opportunity to Develop +/- 1.97 Acres of Excess Land

 

Offered Unencumbered by Management

 

Fee Simple Interest

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1450 Tunnel RdAsheville, NC 28805
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Listing provided by Revere CRE