SOLD
MMI Acquires Little Switzerland Resort In Spruce Pine For $15.65M
86 High Ridge Road
Hotel
Sold 115 days ago
Summary
Sale
NORTH CAROLINA
Hotel
MMI has acquired Little Switzerland, a 70-room resort in North Carolina's Blue Ridge Mountains, along with two adjacent residential houses, for $15.65 million. The property is located at 86 High Ridge Road in Spruce Pine, NC. This hotel asset was sold by an undisclosed seller in a closed transaction on January 17, 2024.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $15,650,000
- Address: 86 High Ridge Road, Spruce Pine, NC
- Market: Spruce Pine, NC
- Buyer: MMI
The sale of Little Switzerland was facilitated by McLean Hicklin from the Marcus & Millichap agency, who represented MMI in this transaction. The purchase includes the 70-room resort and two nearby residential houses. The buyer, MMI, acquired the property for a price of $15.65 million, with a price per key of $223,571.
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2
Agents
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Agencies
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Details
SOLD
IMAGE: McLean Hicklin
DATE: 01/17/2024
ADDRESS: 86 High Ridge Road
MARKET: Spruce Pine, NC
ASSET TYPE: Hotel
BUYER: MMI
BROKER: McLean Hicklin - Marcus & Millichap
SALE PRICE: $15,650,000
KEYS: 70 ~ PPK: $223,571
NOTE: MMI has acquired Little Switzerland, a 70-room resort in North Carolina's Blue Ridge Mountains, along with two adjacent residential houses, for $15.65 million.View on map
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Address86 High Ridge Road
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