Hospitality Investment Fund
Appalachian Heritage Capital Fund is a hospitality investment fund with a portfolio of boutique hotels and experiential lodging in West Virginia
Hospitality investment fund — Boutique hotel investment — Glamping investment
This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities,Our Portfolio
Historic Revitalization
Restoring iconic properties
Preserving architecture and story
Creating destination experiences
Access to tax credits and incentives
Outdoor Experiential
Nature-based lodging
Lower-impact development
High-demand traveler experiences
Capital efficient deployments
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
Hospitality Investment Fund
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
Target Returns
3x+ Equity Multiple
15%+ Net IRR
7-10 Year Hold
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 [2024]
$6.6B in annual tourism spend supporting local economies [2024]
$9.1B total economic impact with continued 4%+ annual growth [2024']
State-backed tourism growth
Tourism is a key economic priority for West Virginia
Increased state investment and marketing initiatives
National Park designation with New River Gorge 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
Based on 2024 Tourism DataInvestment & Development Focus
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Learn more about the Appalachian Heritage Capital Fund