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