Hunter Hotel Advisors has sold a two-property hotel portfolio in Asheville, N.C., comprising the 88-room SpringHill Suites by Marriott Asheville (built 2002) and the 78-room Courtyard by Marriott Asheville (built 1996), located along Buckstone Place just off Tunnel Road and approximately five minutes from downtown Asheville. The portfolio was sold by an institutional seller to Milan Hotel Group in an off-market transaction brokered by Sophia Pittaluga, SVP at Hunter Hotel Advisors.
The properties benefit from access to Asheville’s primary tourism, medical and corporate corridors. Their proximity to the Biltmore Estate, Biltmore Village, the Blue Ridge Parkway and the Tunnel Road retail district can provide reliable year-round visitation, supported by a steady base of healthcare, education and regional corporate travel.
“This acquisition represents an important step in our continued growth across Western North Carolina,” Monark Patel, president and CEO of Milan Hotel Group, in a statement. “The SpringHill Suites and Courtyard Asheville properties reinforce our operational footprint in a high-performing market and align with our focus on exceptional service and community partnerships. We are eager to build on the strong foundation already in place and further elevate the guest experience.”
The SpringHill Suites by Marriott Asheville has all-suite accommodations with kitchenettes, an indoor pool and a fitness center. Nearby on Buckstone Place, Courtyard by Marriott Asheville includes The Bistro restaurant and Starbucks coffee service, an indoor heated pool and a 24-hour fitness center.
“We are proud to have facilitated this off-market transaction on behalf of our institutional client and are excited for Milan Hotel Group as they continue to expand their Asheville portfolio,” Pittaluga said. “The transaction underscores Hunter’s ability to efficiently connect quality capital with quality assets. We welcome conversations with owners who are exploring a potential sale and looking for thoughtful, strategic guidance. Our team continues to identify compelling disposition opportunities across the United States, and I encourage qualified buyers to reach out to discuss current and upcoming offerings.”