Asheville River Cabins

318 Wanderlust Rdg, Asheville, NC, 28704, US

Description

JLL's Hotels & Hospitality Group is offering for sale the fee simple interest in the 28-room Asheville River Cabins, a riverfront property minutes from downtown Asheville featuring seven cabins with rustic charm and modern amenities. The Property enjoys year-round demand due to Asheville's four-season appeal, with limited comparable riverfront properties suggesting strong appreciation potential and market resilience. This exceptional lodging asset presents significant upside potential through strategic investments, including the possibility of adding 16 additional guestrooms, developing additional food and beverage outlets, offering outdoor excursions, and constructing an event barn for weddings and gatherings—all within Asheville's high-demand, difficult-to-enter market, positioning it as a remarkable investment opportunity in one of America's most consistently desirable vacation destinations.

...

Attributes

Units

Building area net

1,208 sm

Year built

1970

Land area gross

153,717.01 ha

Media

Investment highlights

Unique One-of-a-Kind Lodging Asset in the Area The Asheville River Cabins are a unique one-of-a-kind lodging asset in the area. Given its location along the French Broad River, at the heels of the Blue Ridge Mountains, the Cabins offer its guests a unique lodging experience in modernized cabins and airstreams that they cannot get in a standard Hotel.

Opportunity to Expand Current Inventory Today, the Cabins currently have 28 total guestrooms. There is an opportunity for a new owner to increase the guestroom count to 44, further increasing the overall profitability of the Cabins.

Additional ROI Opportunities A new owner can further increase their returns by exploring additional ROI opportunities at the cabin such as adding an additional food and beverage outlet/truck, adding a wedding/event barn to host weddings or large group gatherings, or exploring hosting excursions rather than utilizing third party vendors.

Robust Local Economy: Asheville is the economic center of western North Carolina, and its thriving tourism industry substantially contributes to the region’s robust and healthy economy. Over 12.5 million visitors a year generate nearly $3 billion in annual visitor spending and the Property is well positioned to capture its fair share of the market’s strong base of tourism demand.