Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 100-room, 7-story Element Asheville Downtown (the “Hotel” or “Property”). Located in the tourism hub of Downtown Asheville, the Property offers a rare opportunity to acquire a high-performing, institutional-quality asset in one of the most desirable hotel submarkets in the country. The Property is just steps from the myriad dining, retail, and tourist attractions that draw approximately 14 million visitors to the city each year. The Hotel generated $4.13 million in Total Revenue and $1.22 million in NOI (29.7% margin) in the Trailing Twelve Months (TTM) period ending September 2025. Currently the Hotel ranks 2 of 7 in its competitive set for RevPAR, reflecting strong financial performance with remaining growth opportunities. The Property’s strong operating fundamentals and strategic location in the heart of one of the country’s fastest-growing markets make it a compelling investment opportunity.
Irreplaceable Location in Downtown Asheville
The Hotel is ideally located in Downtown Asheville, a vibrant and eclectic city in the Blue Ridge Mountains. Known for its thriving arts scene, historic architecture, and dynamic culinary culture, the area features a mix of beautifully preserved Art Deco buildings as well as contemporary boutiques, galleries, and restaurants that reflect the city’s creative spirit. Asheville benefits from $2.6 billion in annual direct tourist spending, with 20% of the county’s GDP generated through tourism. Visitors and locals alike enjoy a walkable Downtown filled with live music venues, independent bookstores, craft breweries, and farm-to-table eateries. The Downtown district is also a gateway to the nearby Blue Ridge Parkway and Biltmore Estate, making it a popular base for tourists exploring Western North Carolina. Numerous festivals are held in Asheville each year including LEAF Festival, which attracts 12,000 annual attendees, as well as Asheville Beer Week and Mountain Dance and Folk Festival. These events as well as the city’s strong emphasis on local artisans make downtown Asheville a distinctive and lively destination year-round.
Strong In-Place Cash Flow
In the trailing twelve-month (TTM) period ending September 2025 the Hotel generated an impressive $4.13 million in Total Revenue and $1.22 million in NOI, reflecting impressive 29.7% margins. With a RevPAR of $117.52, the Hotel ranks 2 of 7 in comparison to its competitive set, generating healthy margins and strong cash flow.
Recently Built, Institutional Quality Hotel
The Element Asheville Downtown is a recently constructed property opened in September 2021. Featuring one of the strongest brands in the Marriott family, the Hotel is constructed with modern design standards and energy-efficient systems, requiring minimal near-term capital expenditures. With Asheville experiencing ongoing economic expansion and increased tourism activity, the Hotel is well-positioned for continued revenue growth and long-term value appreciation.
