Savara Hospitality and Piedmont Capital are pleased to announce the acquisition of Azalea Garden Inn located in Blowing Rock, North Carolina.
The property was purchased by a joint venture between Fairfax, Virginia based Savara Hospitality Inc. and Charlotte, North Carolina based Piedmont Capital RE, LLC.
Nestled in the heart of Downtown Blowing Rock, Azalea Garden Inn features 16 guest rooms as well as a cozy log cabin. Well known for its beautiful landscaped grounds, Azalea Garden Inn is located on Main Street within walking distance to shopping, fine restaurants, arts & crafts exhibits and outdoor activities, as well as driving distance to the Blue Ridge Parkway and the High Country’s most popular attractions.
“We are thrilled to complete another acquisition with Piedmont Capital, and are elated about the addition of Azalea Garden Inn to Savara Hospitality’s growing portfolio of boutique hotels. We look forward to continuing this landmark property’s longstanding tradition of offering guests superb service and a cozy mountain experience.” stated Vishal Savani, Managing Director of Savara Hospitality.
William Hodges, Founding Principal of Piedmont Capital, added “The Azalea Garden Inn is a staple in downtown Blowing Rock. We are excited to partner again with Savara Hospitality in another acquisition and are very grateful to have worked with such great sellers in the Knoll family.”
Savara Hospitality operates a portfolio of unique upscale hotels in Virginia and North Carolina, including Blowing Rock’s Meadowbrook Inn and Mountainaire Inn & Log Cabins, both located steps away from Azalea Garden Inn. Savara Hospitality will be operating Azalea Garden Inn following the acquisition.
About Savara Hospitality
Savara Hospitality owns, operates, and provides hospitality management and consulting services to historic and boutique hotels and inns in urban and vacation destinations throughout the mid-Atlantic region. Featuring a portfolio of independent hotels that boldly express their individuality, Savara Hospitality utilizes a customized, hand-on approach to ensuring that each property in its portfolio finds its way to thrive. Savara Hospitality’s hotels and inns have received countless accolades for their attention to design and unwavering commitment to service. For more information, visit www.savarahospitality.com.
About Piedmont Capital
Founded in 2021, Piedmont Capital is a Charlotte-based real estate investment firm focused on core plus and value-add retail, office, and hospitality assets throughout the Carolinas.