USA: Adventure hotel brand Gravity Haus has announced a strategic financial partnership with EPR Properties for future acquisitions.
EPR Properties are providing $64.5 million of debt refinancing for Gravity Haus’ current portfolio of six hotels. Additionally, the two have agreed to finance future acquisitions.
Greg Silvers, chairman and CEO of EPR Properties said: “Gravity Haus is bringing thought leadership to experiential real estate and continues to demonstrate strong execution of their concepts. We look forward to growing with them as they expand their brand.”
Based in Colorado, Gravity Haus will allow all its members and guests to use multiple amenities such as coworking spaces, gyms with functional and personalised fitness classes, dining options, and spas. Members get discounts on hotel stays, on-demand gear rentals, and access to events and programming. Non-members are allowed to book and stay at the hotel properties and enjoy most amenities.
The company’s partner and chief investment officer Bryan Fitzgerald said: “Our members are looking for a different way to travel and experience amazing places and this is the next step in helping them do just that.”
Founder and CEO Jim Deters added: “Our mission is to enable modern adventure for everyone.”
The group has locations in Breckenridge, Vail, Winter Park, Truckee, Aspen, and Steamboat Springs. The company also plans to add new locations in adventure destinations, as well as urban outposts.
Gravity Haus has invested its existing real estate assets into a fund, which the company calls GH Platform 1. The new platform has access to additional equity capital from investors which can be further supported by EPR to execute future property acquisitions.
The platform fund will continue to acquire properties and manage assets that offer risk-adjusted returns supported by Gravity Haus’ operating business model.
