New Paltz, United States
Mohonk Preserve is a protected area located next to New Paltz, famous for its stunning mountain landscapes, crystal-clear lakes, and diverse wildlife. Each year, New Paltz attracts over 120,000 visitors from all over the world, making it one of the most popular tourist destinations in the US. With its unparalleled natural beauty and wide range of activities, from hiking and skiing to kayaking and fishing, it's no surprise that tourism in the area has been steadily increasing by 5% per year.
Our dome glamping offers a unique and luxurious camping experience, complete with all the amenities of a modern home. Nestled in a beautiful natural setting, it's the perfect escape for those seeking adventure and relaxation.
Upgrade your glamping experience with our newly constructed private outdoor showers and bathrooms. Designed with high-end materials and modern fixtures, you can enjoy the ultimate in luxury and privacy during your stay.
The glamping will begin construction in May and finish in January. The first dividend will be paid in March 2024. This includes the furnishing and the renovations that we carry out in each unit. Historically the average the time to start serving tourists has been 45 days and has ranged from a minimum of 14 days to more than 90 days.
After 5 months of starting activities, the monthly occupancy stabilizes at 25 nights per month using the Housie administration system.
IRR 14.1 %
Yields of similar properties over the past 40 years.
For those seeking a unique and luxurious camping experience, this development provides a glamping upscale experience while still allowing visitors to immerse themselves in nature. Whether you're an adventure seeker or simply seeking relaxation, Mohonk Preserve is a must-visit destination for anyone traveling to upstate New York.
No money or other consideration is being solicited, and if sent in response, will not be accepted.
Before companies launch an official offering, they can “test the waters” and gauge interest from the investor community. For investors, this means that you can indicate your interest in an offering and how much you would like to invest before the company can actually accept your investment. You are reserving shares before the offering goes live.
foothold gives investors the opportunity to access vacation rentals as an asset class. Historically, vacation rentals have been an illiquid asset class - a vacation rental investor would have to sell their entire property to a prospective buyer. Generally, investors viewed this favorably as real estate returns are maximized when held as a long-term investment, and rental income is insulated from behavioral investing tendencies as seen in the public markets.
With that said, investors may occasionally seek liquidity for their foothold property interests prior to the property's expected holding period.
foothold plans to offer investors liquidity through a secondary market in the future. If a secondary market were to open, investors would have the chance to sell their shares, subject to liquidity and compliance with the transfer restrictions described in our Operating Agreement or Offering Circular. There is no liquidity at this time for foothold property interests.
Any payouts will be deposited directly to your foothold account. If the property generates sufficient funds to make cash distributions, you will receive your pro-rata distribution quarterly within 45 to 60 days of the start of a new quarter. You can view the expected first payout date for each foothold property on the property's Offering page.
On each payment date, an investor will receive their pro-rata share of booking income after deducting expenses, such as property management fees, asset management fees, property taxes, insurance costs, repair costs, any HOA fees, reserves for liabilities and contingencies (for example expected capital expenditures), and any other costs and expenses based on the investor’s percentage ownership.
There may be periods where a payout is not possible if the cash needed to fund costs plus cash reserves for liabilities and contingencies is greater than the rental income.
Investors select a foothold property and acquire fractional interests that represent an indirect ownership interest in that property. The investment is designed to deliver passive income without management responsibilities.
Once foothold accepts your investment and your funds are transferred, you will be entitled to receive quarterly payouts derived from booking income (rents minus fees, expenses, and additional reserve allocations) generated by the property, while House handles operational responsibilities.