Residence Inn by Marriott Asheville Biltmore

JLL’s Hotels & Hospitality Group is pleased to offer for sale the fee simple interest in the 72-room Residence Inn by Marriott Asheville Biltmore (the “Hotel”) located in Asheville, North Carolina. The Hotel, which is ranked #2 in RevPAR for its competitive set, is strategically located half a mile from the Biltmore Estate and less than 2 miles from downtown Asheville. Notably, the Hotel is the closest lodging option to Mission Hospital, the state’s 6th largest health care system with 815 beds.

This offering represents an exceptional opportunity to acquire a recently renovated institutional quality, premium branded hotel with impressive positioning at the top of its competitive set and significant upside as it stabilizes post renovation. The Hotel, which is being offered at a significant discount to replacement cost, is being presented unencumbered of management and debt.

uture growth and stable returns.