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Hotel-Motel

Rodeway Inn

8 Crowell Rd, Asheville, NC 28806

Listing Price: $3,300,000

Cap Rate
8.73%
RevPAR
$49
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to present the fee-simple interest in the Rodeway Inn Asheville, a well-located economy lodging asset in Asheville, North Carolina, one of the Southeast’s most dynamic tourism markets. With convenient access to Interstate-40, the property benefits from strong connectivity to downtown Asheville, the Biltmore Estate, and the Blue Ridge Parkway, capturing consistent year-round demand from leisure travelers and drive-to traffic.

The hotel offers essential amenities including complimentary Wi-Fi and on-site parking, catering to value-oriented guests. It is located near key demand drivers such as Mission Hospital, Asheville Outlets, and the River Arts District, supporting both commercial and leisure visitation.

Asheville’s lodging market is driven by a diverse mix of tourism, healthcare, and population growth, with continued investment reinforcing long-term demand. The Rodeway Inn Asheville presents an opportunity to acquire a well-positioned asset with upside potential in a high-demand market.

Investment Highlights

  • Well located economy asset with convenient access to Interstate-40 and major Asheville demand corridors
  • Positioned minutes from downtown Asheville, the Biltmore Estate, and the Blue Ridge Parkway
  • Asheville attracts approximately 13.9 million visitors annually
  • Ideally located in a high barrier to entry market
  • Proximate to Mission Hospital, one of the region's largest employers and healthcare hubs

Exclusively Listed By

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513, VA: 0225276010

    Charlotte Uptown

  • Joce Messinger

    Managing Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Broker of Record

  • Charles Gallagher

    Senior Director, Market Leader- Washington D.C./Virgina/Maryland

    (704) 831-4600

    License(s) NC: 351471

    North Carolina

Hotel-Motel

Rodeway Inn

Listing Price: $3,300,000

Cap Rate
8.73%
RevPAR
$49
Year Built
1984

Investment Highlights

  • Well located economy asset with convenient access to Interstate-40 and major Asheville demand corridors
  • Positioned minutes from downtown Asheville, the Biltmore Estate, and the Blue Ridge Parkway
  • Asheville attracts approximately 13.9 million visitors annually
  • Ideally located in a high barrier to entry market
  • Proximate to Mission Hospital, one of the region's largest employers and healthcare hubs

Investment Overview

Marcus & Millichap is pleased to present the fee-simple interest in the Rodeway Inn Asheville, a well-located economy lodging asset in Asheville, North Carolina, one of the Southeast’s most dynamic tourism markets. With convenient access to Interstate-40, the property benefits from strong connectivity to downtown Asheville, the Biltmore Estate, and the Blue Ridge Parkway, capturing consistent year-round demand from leisure travelers and drive-to traffic. The hotel offers essential amenities including complimentary Wi-Fi and on-site parking, catering to value-oriented guests. It is located near key demand drivers such as Mission Hospital, Asheville Outlets, and the River Arts District, supporting both commercial and leisure visitation. Asheville’s lodging market is driven by a diverse mix of tourism, healthcare, and population growth, with continued investment reinforcing long-term demand. The Rodeway Inn Asheville presents an opportunity to acquire a well-positioned asset with upside potential in a high-demand market.

Exclusively Listed By

  • Jack Davis

    Senior Managing Director Investments

    (843) 952-2253

    Email Jack

    License(s): SC: 92795, NC: LC896

    Charleston

  • Chase Dewese

    Senior Director Investments

    (704) 831-4636

    Email Chase

    License(s): NC: 293623, WV: WVS240303513, VA: 0225276010

    Charlotte Uptown

  • Joce Messinger

    Managing Director Investments

    (843) 952-2255

    Email Joce

    License(s): SC: 80481, GA: 375018, NC: LC810

    Charleston

Broker of Record

  • Charles Gallagher

    Senior Director, Market Leader- Washington D.C./Virgina/Maryland

    (704) 831-4600

    License(s): NC: 351471

    North Carolina

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