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.
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