Hotel-Motel
South Slope Boutique Hotel Development
42-50 Collier Ave, Asheville, NC 28801
Listing Price: $5,000,000
Investment Overview
Marcus & Millichap is pleased to offer a fee simple interest in the South Slope development opportunity for a boutique, luxury hotel. Located in Asheville’s thriving South Slope Brewing District, this hospitality development site is within walking distance of top breweries, restaurants, retail, and entertainment. The area has undergone significant revitalization, benefiting from Asheville’s booming tourism industry, which saw 12.5 million visitors and $2.6 billion in spending in 2021. Nearby attractions include Biltmore Estate, the River Arts District, and Harrah’s Cherokee Center, while major employers like Pratt & Whitney’s $650 million facility continue to drive economic growth.
South Slope Boutique Hotel Development
Investment Highlights
- Prime location in Asheville's South Slope Brewing District, a walkable neighborhood with breweries, restaurants, boutique retail, bars, and entertainment venues
- High foot traffic and strong demand drivers due to South Slope's transformation into a major entertainment district and home to Asheville's most popular breweries
- Tourism is a key economic driver, supporting 27,000 jobs and generating $2.6B in visitor spending
Listing Price: $5,000,000
Investment Highlights
- Prime location in Asheville's South Slope Brewing District, a walkable neighborhood with breweries, restaurants, boutique retail, bars, and entertainment venues
- High foot traffic and strong demand drivers due to South Slope's transformation into a major entertainment district and home to Asheville's most popular breweries
- Tourism is a key economic driver, supporting 27,000 jobs and generating $2.6B in visitor spending
Investment Overview
Marcus & Millichap is pleased to offer a fee simple interest in the South Slope development opportunity for a boutique, luxury hotel. Located in Asheville’s thriving South Slope Brewing District, this hospitality development site is within walking distance of top breweries, restaurants, retail, and entertainment. The area has undergone significant revitalization, benefiting from Asheville’s booming tourism industry, which saw 12.5 million visitors and $2.6 billion in spending in 2021. Nearby attractions include Biltmore Estate, the River Arts District, and Harrah’s Cherokee Center, while major employers like Pratt & Whitney’s $650 million facility continue to drive economic growth.
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