RobertDouglas Advises Gravity Haus on Its Successful Portfolio Financing With EPR Properties
RobertDouglas announced today that it represented, as exclusive advisor, Gravity Haus, a social club for the modern adventurer, in arranging a strategic capital partnership with EPR Properties (NYSE: EPR), the leading diversified experiential net lease real estate investment trust (REIT) specializing in select enduring experiential properties in the real estate industry. EPR Properties is providing approximately $64.5 million of debt refinancing for Gravity Haus' current portfolio of six properties. Additionally, EPR and Gravity Haus have entered into a relationship agreement to finance future acquisitions.
Launched in 2019, Gravity Haus has developed a portfolio that includes locations in Breckenridge, Vail, Winter Park, Tahoe, Steamboat Springs, and Aspen (projected to open in 2023). Supported by the programmatic financing from EPR Properties, Gravity Haus will seek to add new locations in adventure travel destinations and some urban outposts to cater to its community of 4,500 members and growing.
Members have exclusive access to the expansive network of Gravity Haus properties, experiential hospitality and leisure amenities, and a welcoming like-minded community with members-only events. The Gravity Haus team designed and rolled out sub-brands and services including Unravel Coffee, StarterHaus Co-working, Dryland Fitness, and Haus Quiver equipment rental.
Gravity Haus properties have already received extensive media coverage and accolades, including Gravity Haus Breckenridge being rated the #1 Hotel in Colorado in 2021 on Conde Nast Traveler's Readers' Choice Awards and Gravity Haus Vail earning a Forbes Travel Guide 2022 Star Award.
Patrick Tan, RobertDouglas Vice President, commented, "This strategic partnership with EPR Properties allows Gravity Haus to have a unique advantage in its acquisition efforts and positions the platform for its rapid growth mode. As always, RobertDouglas is pleased to be advising some of the most innovative experiential lodging and leisure concepts."
"Gravity Haus has a cachet of its own; a unique lodging experience with its iconic recreational locations, multiple revenue streams that provide substantial operating income, and creative, forward-thinking ownership and branding. The social membership club is an exciting growth area for hospitality with unique appeal to a wide audience," added Stephen O'Connor, RobertDouglas Principal and Managing Director. "We are proud to have represented Gravity Haus in this financing, working also with EPR Properties, an established leader and visionary in experiential real estate."
About Gravity Haus
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.
About EPR Properties
EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have approximately $6.6 billion in total investments across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.
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