
Equity Structure
Upside Preferred Equity
Investment Date
January 2022
Location
Asheville, NC
Two adaptive-reuse hotels in Asheville's two most distinctive neighborhoods: The Radical in the River Arts District, on the banks of the French Broad River, and Zelda Dearest on the South Slope, the city's craft-beverage core. Both sit within walking distance of downtown. The Blue Ridge Mountains cap developable land which creates a permanent ceiling on hotel supply. The Radical is a Tapestry affiliated brand while Zelda Dearest is part of the Small Luxury Hotels designation, both under the Hilton umbrella.