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North Carolina Real Estate Q&A Discussion Forum

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Britt Loukos
  • Flipper
  • Charlotte, NC
13
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17
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Glamping + Adventure Park in Brevard NC

Britt Loukos
  • Flipper
  • Charlotte, NC
Posted Oct 1 2020, 04:03

We are under contract on 145 acres in Brevard NC. The property has direct access to Dupont State Recreational forest (a huge mountain bike/hiking/horseback riding area) and already has 10 miles of trails and a Pump Track that was built by Red Bull.  The site also has 2 vintage airstreams, a restored 1945 dairy barn, and a number of other unique lodging options.  

Our goal is to create the go to outdoor resort in North Carolina.  We want to add treehouses, dome glamping sites, an additional vintage airstream, and 50 camping spaces.  We also want to use the space for micro weddings, mountain bike/outdoors events, and other small gatherings.

Mountain biking has increased during the Pandemic as a way to get outside, exercise, and socially distance.  Forbes named RV travel the biggest trend of 2020.  After COVID, the world has changed.  People care more about human connection, wellness, and adventure.  While some dense hospitality models are struggling, outdoor living has only increased.  This project is a strategic move toward the future.  70% of people are working from home and want to visit an inspiring place to spend time in nature.

Just looking for overall feedback, insight, knowledge, and connections as we work through our due diligence process.  

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Nick Swan
  • Kent, WA
0
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3
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Nick Swan
  • Kent, WA
Replied Oct 1 2020, 08:07

Wow this sounds awesome! I've got zero experience on the operations side, but I can certainly discuss any possible camping gear that you may want to add or offer for rental or retail to your guests. Feel free to get in touch 

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Mike Reynolds
Pro Member
  • construction
  • Nacogdoches, TX
1,106
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2,042
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Mike Reynolds
Pro Member
  • construction
  • Nacogdoches, TX
Replied Oct 1 2020, 20:38
Originally posted by @Britt Loukos:

We are under contract on 145 acres in Brevard NC. The property has direct access to Dupont State Recreational forest (a huge mountain bike/hiking/horseback riding area) and already has 10 miles of trails and a Pump Track that was built by Red Bull.  The site also has 2 vintage airstreams, a restored 1945 dairy barn, and a number of other unique lodging options.  

Our goal is to create the go to outdoor resort in North Carolina.  We want to add treehouses, dome glamping sites, an additional vintage airstream, and 50 camping spaces.  We also want to use the space for micro weddings, mountain bike/outdoors events, and other small gatherings.

Mountain biking has increased during the Pandemic as a way to get outside, exercise, and socially distance.  Forbes named RV travel the biggest trend of 2020.  After COVID, the world has changed.  People care more about human connection, wellness, and adventure.  While some dense hospitality models are struggling, outdoor living has only increased.  This project is a strategic move toward the future.  70% of people are working from home and want to visit an inspiring place to spend time in nature.

Just looking for overall feedback, insight, knowledge, and connections as we work through our due diligence process.  

Following the conversation. I might be your first customer if you close. Let me know how it goes please. I love the RV life. 

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Jesse Canady
Pro Member
  • Real Estate Broker
  • Wilmington, NC
27
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51
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Jesse Canady
Pro Member
  • Real Estate Broker
  • Wilmington, NC
Replied Oct 2 2020, 06:56

Wow, @Britt Loukos, this sounds incredible. Like @Mike Reynolds I may be one of your first customers! 

How close is it to downtown Brevard? Any water? (Lake/Pond/Creek)

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Britt Loukos
  • Flipper
  • Charlotte, NC
13
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17
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Britt Loukos
  • Flipper
  • Charlotte, NC
Replied Oct 2 2020, 07:48

@Jesse Canady yes there's water on site!  It's 15 minutes from Brevard.  My cell is 317.652.7733, feel free to give me a call to discuss the property further!

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Replied Oct 2 2020, 07:50

Sounds like it could be successful. I live near Brevard and there are not many structured places like that. 

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Patrick McKenna
  • Investor
  • Charlotte, NC
13
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44
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Patrick McKenna
  • Investor
  • Charlotte, NC
Replied Oct 7 2020, 05:19

How do you plan to finance the project? 

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Britt Loukos
  • Flipper
  • Charlotte, NC
13
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17
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Britt Loukos
  • Flipper
  • Charlotte, NC
Replied Oct 7 2020, 05:24

@Patrick McKenna we’re raising 2MM in equity right now. I am coinvesting 180k, and we have debt secured for 3.8MM

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Britt Loukos
  • Flipper
  • Charlotte, NC
13
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17
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Britt Loukos
  • Flipper
  • Charlotte, NC
Replied Oct 7 2020, 05:24

@Philip Price awesome I appreciate that!

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Britt Loukos
  • Flipper
  • Charlotte, NC
13
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17
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Britt Loukos
  • Flipper
  • Charlotte, NC
Replied Oct 7 2020, 05:25

@Nick Swan awesome will do!

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29
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Gennaro Coscia
  • Rental Property Investor
  • Apex, NC
29
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55
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Gennaro Coscia
  • Rental Property Investor
  • Apex, NC
Replied Oct 7 2020, 05:29

@Britt Loukos great idea! Other possible streams of revenue, depending on how the property is set up, is trail races. Spartan/Tough Mudder, Xterra Triathlons, etc. After Covid those race companies will be looking for venues. Good Luck!

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Replied Apr 8 2021, 20:07

Can't wait to hear more about this! I will definitely camp or glamp lol I love dupont state forest! 

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11
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Kyle D.
  • Rental Property Investor
  • Greenville, NC
11
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13
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Kyle D.
  • Rental Property Investor
  • Greenville, NC
Replied Apr 11 2021, 09:48

Have you thought of adding a disc golf course? It’s a great activity and has been exploding since quarantine as it’s a great way to get outside and still socially distance. If you need any help or want to discuss, DM me and I would be happy to help!

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Chris Martin
  • Investor
  • Willow Spring, NC
3,350
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Chris Martin
  • Investor
  • Willow Spring, NC
Replied May 1 2021, 06:35

@Britt Loukos how did this project end up? Dis you close on this property?