Downtown Asheville popularity fuels hotel plans

(Asheville Citizen-Times) The old Interstate Motel sign that stood for decades at downtown’s edge used to advertise a night’s stay for a mere $29. Make that more like $290 these days in the bustling downtown district, already flush with hotels and set to get a wave of others. Condos replaced the Interstate Motel in 2003, leading to the iconic sign’s demise four years later. Now developers plan to build more glitzy hotels alongside landmark buildings. Demand for a place to stay downtown is strong enough that the new crop of hotels should be viable, people in the industry say. But the pending addition of 547 hotel rooms in a county with a total of a little more than 7,100 in hotels, motels and other accommodations is likely to put pressure on existing hotels, especially those some distance from the city center, experts say.

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Posted on June 5, 2014, in Uncategorized. Bookmark the permalink. Leave a comment.

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