Services - Hotels & Other Lodging

Asking Price	$2,850,000	Inventory	$200,000*
Gross Income	Not Disclosed	Real Estate	$2,950,000*
Cash Flow	Not Disclosed	Year Established	1891
FF&E	$800,000*	Employees	5

* included in the asking price

** not included in the asking price

Incomparable Opportunity with Tremendous Potential

The real estate alone is worth more than asking price for the business and real estate combined! Nestled in the magnificent Blue Ridge Mtns., this 14-room inn, operated as an upscale boutique hotel, is located directly across world famous Chimney Rock Park, a short distance from renowned Lake Lure and minutes from Asheville and Hendersonville, all top travel destinations, visited by millions of tourists yearly. Established almost 120 yrs. ago, it's the perfect mountain retreat. Built along the path of the old Pony Express and Stagecoach Route over the mountains, its historical value is priceless. Recently renovated at a cost $1M, inn provides top notch accommodations w/rustic elegance and contemporary amenities. This top rated hotel's growth is impressive, showing trends w/tremendous potential. Celebrity chef recently contracted to run hotel's legendary restaurant, bringing even greater exposure to this famous inn. Impeccable restaurant on the 1st floor is fully functional, with state-of-the art gourmet kitchen, and seating capacity for 66 guests. "Dumb waiter" provides ability for addt'l. 108 dining guests on 2nd floor, currently set up as recreational/lounge surrounded by breathtaking views. Second floor is also equipped with kitchen, ideal for serving breakfast and beverages. Two-story lobby is elegantly trimmed with varnished tree trunks and twig design along stair railings and has a magnificent, welcoming stone fireplace. At the turn of the century, this distinctive inn provided accomodations for silent movie stars of the era. Later, famous authors were inspired by the solace and incomparable surroundings as they set their masterpiece on paper, while Hollywood rediscovered the inn as a movie setting and a preferred hang-out for many of its stars. Today, this entire completely turn key operation, w/full inventory and beautiful log cabin adjacent to the inn can be yours. Capitalize on the history, location, design, and popularity of this one-of-a-kind property.

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Facilities: Built in 1891, 16,000 sq. ft., 3-story inn recently renovated at cost of $1M, w/Ethan Allen furnishings, Bose Wave music systems, 32" flat screen tv's in all 14 rooms, & exquisite decor throughout. Stone fireplace in lobby. Wrap porches provide unobstructed views of magnificent scenes. Restaurant accommodates 174 dining guests. 2nd floor equipped w/kitchen currently set up as lounge area, furnished w/billiard & card tables, & large-screen TV, surrounded by picture windows to show off indescribable views. Ample parking. Adjacent 3/2 log cabin included.

Competition: Truly unique in its characteristcis, w/solid history of almost 120 years. Location is prime w/its proximity to Asheville and Hendersonville, a short walk to Chimney Rock Park, and a few minutes from Lake Lure. Its history is exlusive and the accommodations far surpass those of any within the town & nearby vicinities. Inn s immaculate restaurant and its facilities are unsurpassed to any in the area. No accommodations are remotely comparable within miles, creating a demand for this type of lodging which provides the ultimate experience in rustic elegance

Growth/Expansion: Since the management company was hired less than two months ago, revenues have soared and the tendency continues to show incredible growth. Celebrity chef to begin operations at inn's restaurant will bring further exposure and popularity to the hotel. Other options include promotion of weddings, meetings and other special events that utilize the inn's unique setting to provide a backdrop for unforgettable memories and accommodations and dining available to their guests as well.

Financing: Owner will consider options for owner financing

Support/Training: Highly reputable and management company experienced in high-end historic hotels is currently handling management. Support and training will be provided accordingly.

Reason Selling: Owner has other business interests that demand her attention.