Hospitality Business for Sale in Boone, NC

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

Description

Marcus & Millichap is pleased to present the fee simple interest in the 72-unit Quality Inn & Suites Boone –University Area, a well-located limited-service hotel in Boone, North Carolina. The property benefits from close proximity to Appalachian State University and convenient access to U.S. Route 421 and NC-105, providing strong visibility and connectivity to downtown Boone and the greater High Country. The hotel offers a mix of comfortable guestrooms and amenities including complimentary breakfast, an indoor pool, fitness center, business center, guest laundry, and on-site parking, serving a diverse mix of university, leisure, and corporate travelers. Demand is driven by Appalachian State University, regional tourism tied to the Blue Ridge Parkway, Grandfather Mountain, Tweetsie Railroad, and area ski resorts, as well as local healthcare and government-related travel. Its location near national retailers and restaurants further supports consistent year-round performance in a supply-constrained mountain 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 NC-105, the main corridors serving Boone and the High Country • Supply constrained mountain market with limited developable land and barriers to new hotel construction • Proximity to major regional attractions including the Blue Ridge Parkway, Grandfather Mountain, Tweetsie Railroad, and ski resorts

Market Context

This hospitality in Boone, NC is listed for sale. It is offered at an approximate 10.4% capitalization rate, a key benchmark for income-producing hospitality assets. 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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