Well located property in Asheville, North Carolina, adjacent to I-40. Property is near the famous Biltmore House and Estate, home of George Vanderbilt. In marketing partnership with Biltmore House and receives referrals for room sales. Adjacent to the I-40 interchange, the Lodge also benefits greatly from through traffic. Sales Info: ■ Cap rate: 7.96% ■ Commision split: 2.0% ■ NOI: $637,000 Location Description: Convenient to, and within sight of, I-40 in Asheville, North Carolina. Asheville, North Carolina is most often named on the "Best" lists. Centered in the vacation and recreation part of the country, this hotel is in a perfect spot to take advantage of the tourist traffic generated by the local attractions as well as the Great Smoky Mountain National Park, the Blue Ridge Parkway, and the Smoky and Blue Ridge mountain ranges. Highlights: ■ High Occupancy Rate ■ Average Daily Rate 88.13 ■ 73 Rooms ■ Well located on high traffic interstate « show less
Well located property in Asheville, North Carolina, adjacent to I-40. Property is near the famous Biltmore House and Estate, home of George Vanderbilt.... show more »
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