Invest in Boutique Hotels and Experiential Lodging

Appalachian Heritage Capital Fund provides diversified access to a portfolio of boutique hotels and experiential lodging assets in West Virginia—designed to pair authentic destinations, capital-efficient development, and strong long-term value creation.

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Historic revitalization — Experiential lodging — Operating asset in portfolio — Tax incentive-backed strategy — West Virginia drive-to tourism market

This opportunity is available only to accredited investors. Information presented is preliminary and for informational purposes only. Investment decisions should be made only after reviewing formal offering documents.

Opportunity is Knocking in Appalachia

Diversified Portfolio

  • Blended portfolio offering boutique hotels, experiential lodging, and outdoor accommodations

  • Diversified stays and experiences to meet travelers’ interests

Capital Efficiency

  • Tax-incentive backed projects with reduced net development costs

  • Capital-efficient development strategies supporting strategic growth and selective portfolio

Multiple Revenue Streams

  • High-demand assets with diversified revenue streams

  • Drive-to destinations serving both regional metropolitans and global travelers

  • Experience-forward strategy generating consistent demand and steady pricing

Operational Advantage

  • Integrated platform across development, operations, and marketing

  • In-house demand generation drives occupancy and direct bookings

  • Scalable systems improve margins across the portfolio

Investment Thesis

Experience-led hospitality

Historic assets with barriers to entry

Outdoor lodging with lower development costs

Shared operations and centralized marketing

Incentives that reduce capital requirements

Partnerships that improve performance

Our Portfolio

PRE DEVELOPMENT

The Pence Springs Resort

Historic Revitalization

A historic 1918 mineral springs property reimagined as a boutique destination resort, Pence Springs blends heritage, wellness, dining, and outdoor experiences into a premier destination in Southern West Virginia and the New River Gorge region.

IN DEVELOPMENT

Out & West

Outdoor Experiential

Out & West brings upscale glamping experiences to strategic locations across West Virginia through a partnership model. By pairing thoughtfully designed accommodations with existing infrastructure, the concept delivers distinctive, experience-driven stays in some of the region’s most sought-after outdoor destinations.

OPERATING

Firefly Ridge

Outdoor Experiential

Launched as an experiential glamping destination, Firefly Ridge has quickly established itself as a sought-after retreat, blending nature, comfort, and design. With strong guest demand and growing brand recognition, it serves as both an operating asset and a model for the continued expansion of the portfolio.

PRE DEVELOPMENT

Greenbrier Glamping

Outdoor Experiential

Situated adjacent to Pence Springs, Greenbrier Glamping is envisioned as a complementary outdoor lodging experience that extends the reach of the resort. By combining nature-immersive accommodations with shared amenities, the project enhances both guest experience and overall property value.

Target Returns

3x+ Equity Multiple

15%+ Net IRR

7-10 Year Hold

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A Market With Momentum

Large drive-to market

  • 25M+ people within a 4-hour drive, supporting consistent demand

  • Strong weekend and short-stay travel trends

  • Less reliance on air travel, for more resilient visitation

Strong annual visitation and tourism spend

  • 77M+ annual visitors demonstrating sustained statewide demand

  • $6.6B in annual tourism spend supporting local economies

  • $9.1B total economic impact with continued 4%+ annual growth

State-backed tourism growth

  • Tourism is a key economic priority for West Virginia

  • Increased state investment and marketing initiatives

  • National Park designation driving sustained visibility and growth

Experience-led, heritage, wellness, and nature-based travel tailwinds

  • Growing demand for immersive, experience-driven travel over traditional lodging

  • Rising interest in wellness, outdoor recreation, and nature-based stays

  • Strong preference for authentic, heritage-rich destinations with unique storytelling

Our Advantage

Tax credits and incentive access

  • Access to federal and state historic tax credits that significantly reduce project cost basis

  • Strong relationships with economic development and tourism agencies to unlock grants, incentives, and favorable financing

Integrated development and operations

  • End-to-end management spanning development, branding, marketing, and day-to-day operations

  • Aligned ownership and operations driving efficiency, consistent guest experience, and stronger margins

Multiple revenue streams beyond nightly rates

  • Diversified income from dining, events, wellness, and curated guest experiences

  • Enhanced margins and stability through ancillary revenue and on-property spending

Limited institutional competition

  • Fragmented market with few institutional operators in target regions

  • Opportunity to acquire and develop assets at an attractive basis with less competitive pressure

West Virginia Tourism

$9.1B economic impact in 2024

77.2M+ annual tourism visitors

4.1% Annual Growth

Your Questions, Answered

  • Appalachian Heritage Group is a hospitality and real estate development group focused on revitalizing historic properties and developing experiential outdoor lodging across West Virginia. We combine thoughtful design, strong operational execution, and strategic capital to create destination-driven assets.

  • We focus on two primary categories:

    • Historic boutique hotels and resorts with strong redevelopment potential

    • Nature-based and experiential lodging, including glamping and outdoor hospitality

    Our projects are designed to align with growing demand for experience-driven travel.

  • West Virginia offers a unique combination of strong tourism growth, proximity to major drive-to markets, and access to powerful state and federal incentives, including historic and tourism tax credits. These factors create compelling opportunities for well-structured hospitality investments.

  • Investment opportunities are only available to accredited investors and are offered through private placements in accordance with applicable securities regulations. If you’re interested, you can submit your information to determine eligibility and receive additional details.

  • Our strategy focuses on:

    • Acquiring or developing unique, high-demand hospitality assets

    • Enhancing value through design, branding, and operational excellence

    • Leveraging tax credits and incentives to improve project economics

    • Generating returns through cash flow, appreciation, and strategic exits

  • While returns are not guaranteed, our projects are typically structured to target strong risk-adjusted returns through a combination of income and long-term value creation. Specific return profiles are outlined in formal offering materials.

  • Investors participate passively while Appalachian Heritage Group manages development, operations, and asset performance. We provide regular updates and reporting to keep investors informed.

  • If you’re interested in learning more, please complete the inquiry form on this page. Once we confirm alignment and eligibility, we’ll follow up with additional information and next steps.

See the full investment thesis, portfolio details, and offering structure.

Request investor materials to review the opportunity.

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REQUEST INVESTOR MATERIAL