Hospitality Business for Sale in Boone, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Boone, NC 28607
  • Year built: 2006

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire a two-property, institutional-quality hotel portfolio in Boone, North Carolina, one of the Southeast’s most dynamic and consistently high-performing mountain markets. This offering includes the Country Inn & Suites Boone and the Quality Inn & Suites Boone, totaling a combined key count that provides immediate scale, operational efficiencies, and strong in-place cash flow. Strategically located in the heart of Boone, both assets benefit from proximity to Appalachian State University, a major demand generator with over 20,000 students, as well as year-round tourism driven by the Blue Ridge Mountains, ski resorts, and outdoor recreation. The portfolio is well positioned along key thoroughfares with excellent visibility and accessibility, capturing a diverse mix of leisure, university-related, and corporate demand. The Country Inn & Suites Boone, an upper-midscale, nationally recognized brand, offers modern accommodations and strong brand affiliation within the Radisson Hotel Group. The Quality Inn & Suites Boone, affiliated with Choice Hotels, complements the portfolio by catering to value-oriented travelers while maintaining consistent occupancy and cash flow. Together, the assets provide a balanced revenue mix across multiple customer segments and price points. This portfolio presents a compelling investment opportunity with immediate operational upside through revenue management strategies, targeted capital improvements, and potential brand optimization. Boone’s high barriers to entry, limited new hotel supply, and resilient demand drivers make this a rare opportunity to acquire a scaled, cash-flowing portfolio in a tightly held market. Investment Highlights: • A+ location adjacent to Appalachian State University, primary economic and demand driver in Boone • Strong, diversified demand from university, regional healthcare, and year-round tourism • Excellent access via U.S. Route 421 and N

Market Context

This hospitality in Boone, NC is listed for sale. The building dates to 2006. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Boone, NC — <a href="/search/sale/hospitality/north-carolina/boone">view the full market</a>.

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