Days Inn


Price:
$7,600,000

[Currently Under Contract]

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
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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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!