Our investment Principles

Outside Capital was created to apply institutional rigor to a rapidly growing but under-invested segment of the hospitality real estate industry. We aim to do the following:

Match high-quality locations with high-quality operators

Our approach is brand-agnostic and fundamentally real estate driven. We focus on feasibility basics and work with experienced partners.

Create value through thorough asset management

We aim to apply top-tier investment standards to a developing asset class by applying best-in-class software, tools, and processes from more established parts of the commercial real estate industry.

Seek aggregation in promising niches

We target under-capitalized segments and geographies with scalability and strong fundamentals.

Think and invest creatively

We use our relationships in the hospitality business and experience with complicated transactions to find innovative ways to structure investments and create financial value.

Investment Criteria

Outside Capital targets opportunities that meet the following criteria:

Physical

Outdoor and/or nature-based resorts, campgrounds, recreational vehicle parks and other scalable real estate-based hospitality businesses.

Locational

Established markets, generally within two hours of a major urban population or highly-trafficked outdoor recreation destination.

Business Case

Existing businesses and select development projects with clear product-market fit, scalability, streamlined revenue models, and sound real estate fundamentals.

Sustainability

Preference for projects that utilize light-touch development methods and energy-efficient building systems, and that promote low-impact outdoor education principles.

Financial

High operating margins and free cash flow productivity, driving returns outside the paradigm of traditional hospitality real estate.