Unique Mountain Retreat in North Georgia Wilderness

Project details

The Thin Spaces team identified North Georgia as a primary target for this concept due to its demographics, access & proximity to population density and the competitive dynamics discussed above. The team has successfully navigated and completed the entitlement process with a commercial rezone and building permits in-hand. All architecture and engineering needed to construct Phase I has been completed.

Program

This first Cypress Microresort location spans over __ acres, with a 50ft waterfall, rolling hills, granite cliffs and lush forest. Individual suites will be scattered across the site, minimizing impact on the natural environment and offering guests privacy when in their units.

Phase I will launch three 890 sq ft luxury suites, each outfitted with essential luxury amenities, including private hot tubs and high-end kitchens. The future roadmap involves expanding the suite count and adding a range of top-tier facilities: a full-service spa and fine dining options, all while maintaining an intimate connection with the surrounding natural environment.

Timeline

The project commenced design work in late 2022 with local architects leading the project. We anticipate completion of project one by April 2024. The modular casita structures facilitate swift 12-18 month construction.

Fundraise Launch: February 2024

Indications Due: February 2024

Fundraise Close: March 2024

Phase I Complete: October 2024

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Project thesis

Sustainable tourism is surging, with 66% of travelers now prioritizing eco-lodging. Yet few immersive, sustainable nature retreats exist near major Southeastern hubs. The few that do are some of the top performing Airbnb and retreat properties in the country, and the world.

Rise of unique stay hospitality

The COVID-19 pandemic brought people out of their homes into nature - the only place free of lockdowns and health risk - like never before. A generation of travelers that prioritizes experience was brought to the bounds of nature. In these hubs around National Parks and other outdoor focused destinations, small unique Airbnb properties began to catch fire on social media. A new category of unique stay hospitality was born and brought to the forefront.

Next Iteration: Scaling Unique Stay Hospitality

Developers brought unique stays to scale - placing multiple thoughtfully-designed units on shared sustainable properties with curated amenities. Immersive retreats near nature hubs and in close proximity to major metros on the East and West coasts surged in popularity.

Key Comps

Live Oak Lake · Waco, TX (7 Units)*

Onera · Fredericksburg, TX (12 Units)*

Clark Farm Silos · Kalispell, MT (5 Units)

Bolt Farm Treehouse · Whitwell, TN (8 Units)

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*Acquired:

Live Oak Lake ($7M, source)

Onera Fredericksburg ($9M, source)

Location Details

The North Georgia mountains are still waiting for a unique retreat property to bring the kind of success seen at Atlanta's In-Town Treehouse and Bolt Farms. Over 20M people visit the region every year and current market supply does not match the interests & desires of the +5M millennials and gen Z in cities like Atlanta, Savannah, Charleston, Charlotte, Asheville and beyond.

Current Supply

Unique Advantages

Zoning & Commercial Use

The project team spent over 2 years building relationships with municipal officials in order to rezone the site for commercial use. They received approval for the zone & use change in fall 2022, resulting in an immediate valuation increase of __%.

Natural Beauty of the Site

The property has a creek and waterfall on-site, becoming one of the key amenities for Cypress guests looking to experience nature in a unique, new way.