ATLANTA, Georgia—Hunter Hotel Advisors announced the sale of a two-property hotel portfolio in Asheville, North Carolina, comprising the 88-room SpringHill Suites by Marriott Asheville and the 78-room Courtyard by Marriott Asheville, 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, senior vice president at Hunter Hotel Advisors.
The properties offer 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 provides 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,” said Monark Patel, president and chief executive officer, Milan Hotel Group. “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 two hotels provide a mix of offerings that serve Asheville’s leisure and business segments. SpringHill Suites by Marriott Asheville includes all-suite accommodations with kitchenettes, along with a complimentary hot breakfast, an indoor pool, and a fitness center. Nearby on Buckstone Place, Courtyard by Marriott Asheville offers mid-scale accommodations, including The Bistro restaurant and Starbucks coffee service, an indoor heated pool, a 24-hour fitness center, and contemporary guest rooms—many with private balconies and mountain views.
“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,” said Sophia Pittaluga, senior vice president at Hunter Hotel Advisors. “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.”
