Hospitality Business for Sale in Asheville, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Asheville, NC 28806
  • Year built: 1984

Description

Marcus & Millichap is pleased to present the fee-simple interest in the Rodeway Inn Asheville, a well-located economy lodging asset in Asheville, North Carolina, one of the Southeast’s most dynamic tourism markets. With convenient access to Interstate-40, the property benefits from strong connectivity to downtown Asheville, the Biltmore Estate, and the Blue Ridge Parkway, capturing consistent year-round demand from leisure travelers and drive-to traffic. The hotel offers essential amenities including complimentary Wi-Fi and on-site parking, catering to value-oriented guests. It is located near key demand drivers such as Mission Hospital, Asheville Outlets, and the River Arts District, supporting both commercial and leisure visitation. Asheville’s lodging market is driven by a diverse mix of tourism, healthcare, and population growth, with continued investment reinforcing long-term demand. The Rodeway Inn Asheville presents an opportunity to acquire a well-positioned asset with upside potential in a high-demand market. Investment Highlights: • Well located economy asset with convenient access to Interstate-40 and major Asheville demand corridors • Positioned minutes from downtown Asheville, the Biltmore Estate, and the Blue Ridge Parkway • Asheville attracts approximately 13.9 million visitors annually • Ideally located in a high barrier to entry market • Proximate to Mission Hospital, one of the region's largest employers and healthcare hubs

Market Context

This hospitality in Asheville, NC is listed for sale. It is offered at an approximate 12.3% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1984. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Asheville, NC — <a href="/search/sale/hospitality/north-carolina/asheville">view the full market</a>.

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