ATLANTA, Georgia—Hunter Hotel Advisors introduced the sale of a two-property lodge portfolio in Asheville, North Carolina, comprising the 88-room SpringHill Suites by Marriott Asheville and the 78-room Courtyard by Marriott Asheville, positioned alongside Buckstone Place simply off Tunnel Street and roughly 5 minutes from downtown Asheville. The portfolio was bought by an institutional vendor to Milan Lodge Group in an off-market transaction brokered by Sophia Pittaluga, senior vp at Hunter Lodge Advisors.
The properties provide entry to Asheville’s major tourism, medical, and company corridors. Their proximity to the Biltmore Property, Biltmore Village, the Blue Ridge Parkway, and the Tunnel Street retail district gives dependable year-round visitation, supported by a gradual base of healthcare, training, and regional company journey.
“This acquisition represents an essential step in our continued development throughout Western North Carolina,” mentioned Monark Patel, president and chief government officer, Milan Lodge Group. “The SpringHill Suites and Courtyard Asheville properties reinforce our operational footprint in a high-performing market and align with our concentrate on distinctive service and group partnerships. We’re keen to construct on the robust basis already in place and additional elevate the visitor expertise.”
The 2 inns present a mixture of choices that serve Asheville’s leisure and enterprise segments. SpringHill Suites by Marriott Asheville consists of all-suite lodging with kitchenettes, together with a complimentary sizzling breakfast, an indoor pool, and a health middle. Close by on Buckstone Place, Courtyard by Marriott Asheville presents mid-scale lodging, together with The Bistro restaurant and Starbucks espresso service, an indoor heated pool, a 24-hour health middle, and modern visitor rooms—many with personal balconies and mountain views.
“We’re proud to have facilitated this off-market transaction on behalf of our institutional consumer and are excited for Milan Lodge Group as they proceed to broaden their Asheville portfolio,” mentioned Sophia Pittaluga, senior vp at Hunter Lodge Advisors. “The transaction underscores Hunter’s capacity to effectively join high quality capital with high quality property. We welcome conversations with homeowners who’re exploring a possible sale and searching for considerate, strategic steering. Our crew continues to determine compelling disposition alternatives throughout america, and I encourage certified consumers to succeed in out to debate present and upcoming choices.”
