Days Inn


Price:
$7,600,000

Address :
201 Tunnel Rd
Asheville, NC 28805


  •  128-Unit Hotel with National Franchise
  •  Highly Visible Location on Tunnel Road in the Heart of Asheville’s Retail Center
  •  Well-Located to Area Demand Generators, Including Biltmore Estate, Downtown Ashville, Asheville Breweries, and University of North Carolina at Asheville
  •  Priced to Sell Below Replacement Cost at $59,375 Per Room
  •  Two Wyndham-affiliated properties have recently left the system, providing an opportunity for increased brand contribution to the Days Inn
    View Map    View Aerial
  •  Asheville is the largest city in western North Carolina.
  •  Home to Biltmore Estate, historic home of the Vanderbilts and featured in Lowe’s advertising
  •  Asheville is the region’s cultural, educational, employment, and health care center.
  •  Close to Regional Demand Generators:
    •  0.4 Miles to Asheville Mall
    •  2.3 Miles to Mission Hospital
    •  2.9 Miles to WNC Nature Center
    •  3.5 Miles to University of North Carolina at Asheville
    •  7.4 Miles to Biltmore Estate
  •  Three Buildings
  •  1 One-Story Metal Stud Frame Lobby Building
  •  2 Two-Story Concrete Block Guestroom Buildings
  •  Exterior Corridors
  •  Brick Veneer
  •  Flat Rubberized Roof
  •  Asphalt Parking Lot
  •  Complimentary Breakfast Room (Seats 44)
  •  ±1,800 Square Feet of Meeting Space
  •  Guest Laundry
  •  Business Center
  •  Wireless Internet
  •  Fitness Center, Seasonal Outdoor Pool
  •  Oversized Vehicle Parking
Financials
2015
2016
2017
T-12Mos 7/18
Occupancy
57.85%
55.00%
58.17%
63.53%
Average Daily Rate
$86.36
$97.36
$88.18
$82.94
Room Revenue
$ 2,334,221
$ 2,508,679
$ 2,396,545
$2,461,741
Net Operating Income
N/A
$ 1,006,576
$ 854,156
$791,524
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!