Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 118-unit, Holiday Inn Express Blowing Rock South, located in North Carolina. The subject property is ideally located on 4.27 acres and features 3 floors of well maintained guest rooms. Recently renovated in 2019, the property is offered with a minimal property improvement plan expected for a new investor. Common area amenities include complimentary continental breakfast, shared lobby lounge, seasonal outdoor swimming pool, large dining area, free on-site parking, business center with fax & photocopy machines, fitness center, and vending machines. Each guest room is equipped with free Wi-Fi, flat screen TV, microwave, refrigerator, in-room coffee & tea maker, desk with chair, iron & ironing board, and private bathroom with complimentary toiletries. Blowing Rock is nestled into the blue ridge parkway, northeast of Asheville, a popular North Carolina travel destination. Similar to the surrounding areas, Blowing Rock features breweries and art galleries exhibiting local artist’s work. The property is within 1 mile of many restaurants and retail stores, making it extremely convenient for guests. For a more extensive shopping experience, the Tanger Outlets Blowing Rock, which is a large outdoor outlet mall, is situated 2 miles away. The area features many parks with walking and hiking trails, such as Glen Burney Falls Trail, Bass Lake Trail, and Broyhill Park. The Appalachian Ski Mountain, 4 miles away, offers guest a ski resort with 12 well-kept trails and 3 terrain parks for skiers and snowboarders. Many other ski mountains are located within 20 miles of the property including Beech Mountain and Sugar Mountain. Boone, North Carolina, 8 miles north of Blowing Rock, is famously known for being named after Daniel Boone and boasts a larger mountain town feel with plenty of restaurants and attractions for visitors. Appalachian State University, located in Boone, just 7.8 miles away from the property, enrolls more than 20,600 undergraduate and graduate students and offers a beautiful campus amongst the blue ridge mountains.