Assignment Overview
RobertDouglas advised Gravity Haus, Inc. in arranging a strategic capital partnership with EPR Properties (NYSE: EPR). EPR Properties is providing approximately $64.5 million of debt refinancing for Gravity Haus’ current portfolio of six properties (Breckenridge, Vail, Winter Park, Aspen, and Steamboat Springs in Colorado and Truckee in California). Additionally, EPR and Gravity Haus have entered into a relationship agreement to finance future acquisitions. This financing process drew strong interest from many lenders based on the in-place hotel cash flow, growing membership income, and indications of consistently strong demand in the properties’ markets.
Property Background
Gravity Haus is a social club for the modern adventurer. Founded in 2019 with a mission to enable modern adventure for everyone, the company operates 6 locations across Colorado and California. Guided by the fundamental pillars: Good for you. Good for the planet. An amazing experience, Gravity Haus’ offers an unrivaled experience and authentic mountain lifestyle by seamlessly fusing work, play, travel and sustainability. Gravity Haus solves the problems of “where to play” and “where to stay,” by offering members substantial hotel savings, on-demand outdoor gear access, functional co-working spaces, innovative restaurant concepts, home bases to meet like-minded outdoor enthusiasts, community events, amenities, and a variety of expert-led group fitness and recovery programs; all accessed by Gravity Haus members and hotel guests using the easy-to-use Gravity Haus Mobile App.
In addition to branded Gravity Haus locations, members also have access to exclusive members pricing partner hotels in Telluride, Silverton, Crested Butte and Denver, Colorado; Moab, Utah; and Nosara, Costa Rica, and travel van rentals.
Deal Highlights
Client: |
| Gravity Haus, Inc. |
