Demand
Whether guests will book the concept at conservative pricing in Central Texas.
Capital Partner Memo
Still Haven Phase 1 is a permit-gated two-silo STR build.
The current ask funds two silo suites, not a full-site buildout. Public materials show the operating model and diligence path; legal and return terms are available only through private written review.
What capital enables
The current raise is built around two measurable operating suites.
- Brings two silo suites to lawful lawful operating-ready condition
- Funds the site systems needed to operate them safely and consistently
- Creates real booking, turnover, and reserve data before any larger build decision
- Limits early capital exposure by keeping scope narrow and observable
What Phase 1 proves
Construction feasibility
Whether the silo conversion can be completed and maintained without scope change.
Operating practicality
Whether turnover, utilities, cleaning, and guest management remain predictable.
Capital efficiency
Whether the two Phase 1 silo suites supports a disciplined case for reserve build and future underwriting.
Public assumptions snapshot
The underwriting posture matches the booklet base case.
These are planning cases only. Future development decisions depend on observed performance, not headline projections.
| Case | ADR | Occupancy | Annual gross revenue | Public posture |
|---|---|---|---|---|
| Base case | $175 | 65% | $83,038 | Projected annual NOI of $60,746. Actual results may differ. |
Expansion trigger
Later expansion is not assumed in the Phase 1 case.
Phase 1 is already scoped as two silo suites. Later expansion is not proposed until Phase 1 produces 12 months of operating proof and a separate underwriting decision.