During this decade, the Princess Anne continued to serve as a residential hotel for senior citizens. However, the hotel made the headlines in 1995 when it was sold to the Maharishi Ayer-Ved University of North Carolina, which was founded by followers of the Maharishi Mahesh Yogi, who brought transcendental meditation to the United States and served as the spiritual guru for the Beatles. The hotel still catered to elderly residents but also served as a center for training and education for the Maharishi organization.
Maharishi Mahesh Yogi, the Beatles and elderly residents?
That's right! The 1990s made headlines!
By this time, Asheville had developed a reputation as a hip, eclectic mountain city that attracted the affluent and the beatnik, the artistic and the rustic, the new-agers and the traditionalists alike. In a city where anything is possible, the Princess Anne’s newest owners fit right in.