The Foundry Hotel Asheville

JLL’s Hotels & Hospitality Group is pleased to offer for sale the fee simple interest in the 87-room Foundry Hotel Asheville, a Curio Collection by Hilton (“Hotel” or “Property”) located in downtown Asheville, North Carolina. This offering represents an exceptional opportunity to acquire a relatively new institutional quality boutique hotel in excellent condition. The Hotel, which was an adaptive reuse of a former steel foundry, provides ample upside for new ownership to acquire the most unique asset in Asheville and one of the finest hotel assets in the state of North Carolina.

The Foundry Hotel anchors the revitalized historical business district known as “The Block” which has undergone extensive revitalization while remaining true to its historic roots. Situated just a five-minute walk from Asheville’s dynamic downtown scene, the Foundry Hotel was converted from a former steel factory in 2018. Set in an enclave-like campus, the Hotel offers guest an authentically local upscale boutique retreat in a modern industrial setting. The juxtaposition of contemporary touches and luxurious comfort within the century-old complex provides visual interest while preserving the building’s past grandeur. The Hotel’s casual design features exposed brick walls, a vibrant outdoor courtyard, versatile event spaces, a cozy chic lounge, and The Refinery Restaurant, which is currently only open for breakfast and weekend brunch. New ownership will realize tremendous upside through either reconceptualizing the restaurant and providing additional meal service or through leasing it to a third-party operator.