Long-Empty South Asheville Airport Hotel Sold at Bankruptcy Auction, New Owner Pushes for Opening

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A long-stalled Hyatt Place hotel near Asheville Regional Airport has been sold in a bankruptcy auction and received new city permits to finish construction. The new owner, an Atlanta-based firm, is pushing ahead with work on the property, including plans for a rooftop bar, with Hyatt expecting an opening later this year despite ongoing bankruptcy proceedings involving the former developer.

Why it matters

The opening of this hotel could provide a much-needed boost to the local economy and tourism industry around the Asheville airport. The property has sat vacant for years, and its revival signals renewed investment and development interest in the area.

The details

The 108-room Hyatt Place hotel has been in development limbo for several years after the previous owner filed for bankruptcy. The new owner, an Atlanta-based firm, recently purchased the property at a bankruptcy auction and has obtained the necessary permits from the city to resume construction. The hotel is expected to feature a rooftop bar and other amenities when it opens, which Hyatt anticipates will happen later this year.

• The Hyatt Place hotel near Asheville Regional Airport was sold in a bankruptcy auction.
• The new owner, an Atlanta-based firm, has obtained city permits to finish construction on the 108-room hotel.
• Hyatt expects the hotel to open later this year, despite the ongoing bankruptcy proceedings involving the former developer.

What’s next

The judge in the bankruptcy case will decide on the final details of the sale and ownership transfer in the coming weeks, paving the way for the new owner to complete the hotel's construction and open it to the public.