Newport Hospitality Group, Inc. Selected by Woodmont Lodging, Milestone Companies and Blue Vista Capital Management to Manage Holiday Inn Asheville East in North Carolina
Newport Hospitality Group specializing in hotel management announces today.
Williamsburg, VA and Asheville, NC – Newport Hospitality Group, Inc. recently selected to manage the Holiday Inn Asheville East hotel in the foothills of the Blue Ridge Mountains in North Carolina. The award winning, recently renovated 111-room full-service hotel offers 1,791 square feet of flexible meeting space and is close to downtown Asheville and the Biltmore Estate. The on-site restaurant, Woodfire Bar & Grille, concentrates on locally sourced foods and craft beers. The hotel’s unique location provides the ambiance of a mountain lodge well-suited for leisure and group travel needs.
“We are delighted to have another opportunity to work with the Woodmont Lodging team on this well-situated Asheville property. We are confident that the hotel will excel under our management,” said Wayne West III, President and Chief Operating Officer of Newport Hospitality Group.
“With its ideal location in the heart of Asheville and below replacement costs, the Holiday Inn Asheville East is a perfect fit to our growing, nationwide hotel portfolio,” said Elliott Estes, principal, Woodmont Lodging. “We will continue to seek best-in-class operators such as Newport Hospitality Group to ensure financial goals and guest satisfaction metrics are exceeded, and we look forward to working with them on future projects.”
The hotel is located on the eastern side of Asheville at 1450 Tunnel Road on over 3.25 acres. Asheville is the 12th largest city in North Carolina and a travel destination in the Blue Ridge Mountains for outdoor adventures, arts and entertainment, and culinary experiences.
Holiday Inn Asheville East Hotel Features
- Full-service hotel with 111 rooms – renovated in 2017
- 2019 IHG Kemmie Award for True Hospitality; 2019 & 2018 IHG Torchbearer Award
- Woodfire Bar & Grille a traditional steak house with a modern twist
- 1,791 square feet of meeting space with professional planning and catering
- Heated outdoor pool and deck area with seasonal poolside services
- 24-hour Fitness Center & 2-acre walking trail
- Electric vehicle charging station
- Pet friendly options with pet walking areas
For more hotel information, please visit the Holiday Inn Asheville East’s: website.
Woodmont Lodging concentrates on the acquisition and aggressive asset management of hospitality properties across North America, with an emphasis on focused-service and select value-add opportunities. The company also delivers financial results to third-party owners through advisory engagements and asset management services. For more information, visit www.woodmontlodging.com.
Milestone Companies is an award-winning hotel management, investment and development firm with a dedicated team of hospitality industry professionals that have amassed more than 100 years of combined experience in property management, asset management and hotel renovations. Over the past 30 years, the principals of Milestone have been involved in the acquisition and/or management of more than 125 hotels located across the United States with an aggregate value in excess of $1.5 billion. Milestone provides property management services through its wholly owned affiliate, Milestone Hospitality Management, LLC. The Milestone Companies are headquartered in Baltimore, MD, with satellite offices in Harrisburg, PA, Greensboro, NC and Los Angeles, CA. For more information, visit www.milestonehotels.com.
Blue Vista Capital Management is a leading investment management firm focused on helping investors maximize returns through best-in-class real estate equity and credit strategies across the risk-return spectrum. Blue Vista offers investors the benefits of a vertically integrated platform, complementary strategies managed by experienced teams, and deep expertise as an owner, operator and lender across all property types and various markets in the U.S. and Canada. Since its inception in 2002, the firm has invested over $11.8 billion in total capitalization, with the goal of challenging the status quo, setting high standards and bringing a relationship-based, client-focused approach to real estate investing. For more information, visit www.bluevistallc.com.
About Newport Hospitality Group
Newport Hospitality Group is a respected hotel management company based in Williamsburg, Virginia, operating select and full-service hotels across the Eastern United States. Our portfolio spans leading brands—including Hilton, Marriott, Hyatt, Wyndham, Choice, and IHG—as well as independent hotels positioned for long-term growth.
Our strength lies in operational excellence and trusted owner partnerships. We take a hands-on, performance-focused approach to every asset, backed by a fully integrated commercial strategy that aligns revenue management, digital marketing, and local market sales. From development to capital planning, we lead with transparency, precision, and accountability.
What truly defines Newport is our culture—rooted in collaboration, driven by results, and guided by purpose. We call it Living Hospitality—a commitment to service that enriches lives, empowers teams, and sets a higher standard for what hospitality can be.
Discover more at nhghotels.com.
Tommy Beyer
+1 757 221 0100
Newport Hospitality Group
