Days Inn Asheville Downtown North
 
3 Reynolds Mountain Blvd Asheville NC 28804
$4,900,000
List Price
10.54 %
Cap Rate
49
Total Rooms
$516,621
NOI
Investment Overview
  • Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the economy branded Day's Inn in Asheville. The Days Inn is a 2-story exterior corridor hotel located in Asheville, NC. The hotel is located within a short distance to Asheville Regional Airport, the prestigious Biltmore Estate, Asheville's Artsy Downtown and shops.
  • Demand Generators: The property is ideally located in on of North Carolina's fastest growing cities with access to: Asheville Regional Airport The Biltmore Estates Asheville Arts District Asheville Outlet Mall University of North Carolina at Asheville The French Broad River (Makes $3.8 Billion Economic Impact annually for the area)
  • Future and Present Income Generators: The new greenway project will only be 8 min away which will focus on rafting and Kayaking. It is a $30M approved project. The Asheville Tourism Development Authority board announced on August 31, 2022 the final approval for $6M to fully fund the already thriving parks project on the French Broad River located in the Woodfin area. They are building the East Coast's only artificial whitewater wave. "The Wave" will attract people worldwide to experience the recreational feature. https://www.rei.com/blog/paddle/a-play-wave-is-coming-to-asheville-north-carolina This Days Inn is located on the North side of Asheville which is being highly developed. Reynold's Mountain is next door to the Day's Inn to include the YMCA, Condos, Homes and Restaurants.
Property Overview
  • The asset was built in 1995 and features 49 rooms. In highly sought after North Asheville area. Guest rooms in the Days Inn are furnished with comfortable amenities and modern d├ęcor. Guest rooms include premier linens, Flat screen TVs, iron and ironing board, work desk, chair, and complimentary Wi-Fi. Suites feature 37-inch flatscreen televisions. It is ideally suited for business and leisure travelers.
Investment Highlights
  • The hotel opened in 1995, and presents itself as a Great Asset with great return potential for savvy investors. The hotel benefits from its proximity to major demand generators and local attractions. Current ownership have invested heavily in the property for the past two years and competes well with the demands of the public.
  • Property Improvement Plan: Upon the change of ownership, the owner will be able to keep the Same Franchise or join the surmounting boutique hotels in the area or rebrand to a Sure Stay or other franchise. The additional land that is on the property could also be utilized to increase your profit margin.
Excellent Location
  • The Days Inn & Suites is a direct drive into the heart of Artsy, bustling downtown Asheville. The property is situated in the Northern area of Asheville and close to I-40 and I-26 and close to food and entertainment.
  • Points of Interest Outdoor Activities: Whitewater rafting, Kayak and hiking. Shopping: Boutiques and Outlets line the streets of Asheville, NC Biltmore Estates and Equestrian Center University of NC at Asheville
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
Heather Pessoa
Managing Director
(704) 777-3443
hpessoa@mazilihotelgroup.com
Lic: SC BIC #47212, NC #216932