AdventureCap Holdings
Strategic Property Investment & Vacation Rentals
Allocation
$0 (self-funded)
V6 Floor Y1
$0K
V6 Floor Y5
$0.00M
V4 Ceiling Y5
$0M
TAM
$107B+
About AdventureCap
AdventureCap Holdings is Luke's vacation rental holding company — separate from Pass Creek (land development). The model: buy properties in lobbying and return-visit locations (Denver, Pierre, Cheyenne), use them for business travel when needed, rent as STR when not there. Properties appreciate as an investment fund while generating rental income.
The Opportunity
The US vacation rental market is $107B+ and growing. AdventureCap targets strategic locations where BHC needs a physical presence — state capitals for legislative access, Denver for cannabis lobbying, and Black Hills for tourism. Each property serves dual purpose: business travel base + STR income.
Market Opportunity
$107B+
Total addressable market
Competitive Advantages
Dual-purpose: business travel + STR income when not in use
Properties in key lobbying/legislative locations
Self-funded from STR income — no capital raise dependency
Property appreciation provides balance sheet growth
Lean ops: no staff until Y5 (outsourced property management)
Comparable Companies
Market validation from industry peers
Vacasa
$4.5B peak valuation, STR management
Evolve
$400M valuation, vacation rental platform
Airbnb (platform)
$80B+ market cap
Flywheel Connection
AdventureCap provides strategic lodging for BHC business travel — cannabis lobbying in Denver, legislative sessions in Pierre, economic development in Cheyenne. STR income funds property acquisitions. Portfolio appreciates independently of the operating business.
Related Entities
More from the Real Estate portfolio