Press Releases
Marcus & Millichap Arranges Sale of 118-Room Holiday Inn Express in Blowing Rock, N.C.
December 18, 2024
BLOWING ROCK, N.C., Dec. 18, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Holiday Inn Express Blowing Rock South in North Carolina.
“We produced multiple offers through our marketing process and ended up transacting with a repeat buyer,” said Jack Davis, senior vice president investments. “This transaction highlights the strong demand for well-located hospitality assets, particularly in high-traffic leisure markets like Blowing Rock.”
Davis, Chase Dewese and Joce Messinger, investment specialists in Marcus & Millichap’s Charleston office, marketed the property on behalf of the seller, and procured the buyer. Donald Gilchrist is Marcus & Millichap’s broker of record for North Carolina.
Holiday Inn Express Blowing Rock South, located at 8412 Valley Blvd., was built in 1988 and renovated in 2019. The 52,469-square-foot hotel features 118 rooms across three floors. It is two miles from Tanger Outlets Blowing Rock, four miles from Appalachian Ski Mountain, and within 20 miles of other popular winter destinations, including Beech Mountain and Sugar Mountain.
“We produced multiple offers through our marketing process and ended up transacting with a repeat buyer,” said Jack Davis, senior vice president investments. “This transaction highlights the strong demand for well-located hospitality assets, particularly in high-traffic leisure markets like Blowing Rock.”
Davis, Chase Dewese and Joce Messinger, investment specialists in Marcus & Millichap’s Charleston office, marketed the property on behalf of the seller, and procured the buyer. Donald Gilchrist is Marcus & Millichap’s broker of record for North Carolina.
Holiday Inn Express Blowing Rock South, located at 8412 Valley Blvd., was built in 1988 and renovated in 2019. The 52,469-square-foot hotel features 118 rooms across three floors. It is two miles from Tanger Outlets Blowing Rock, four miles from Appalachian Ski Mountain, and within 20 miles of other popular winter destinations, including Beech Mountain and Sugar Mountain.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
