Tias Capital today announced the acquisition of an adventure park operation on the Big Island of Hawaii, marking the firm's expansion into active ecotourism. The property, which will operate under the name Canopy Falls Adventure Park, is located in the rainforest corridor outside Hilo on the island's windward coast.
The $28 million investment includes the acquisition of existing zipline infrastructure and over 200 acres of managed rainforest, as well as capital for significant expansion of programming and facilities. New offerings will include waterfall rappelling experiences, guided lava tube hikes, and the construction of a canopy-level restaurant with panoramic views of the Hamakua Coast.
"Our portfolio to this point has been built around accommodation -- places where guests sleep," said Rachel Tsai, Chief Investment Officer of Tias Capital. "Canopy Falls is a different kind of asset. It is an experience-first operation where the product is physical engagement with one of the most dramatic landscapes on Earth. We see enormous potential in this category."
"The windward side of the Big Island is one of the most underserved tourism markets in Hawaii," said Marcus Ellery. "It has waterfalls, lava tubes, old-growth rainforest, and a fraction of the infrastructure you find on the Kona side. That gap between natural asset quality and tourism development is exactly what our model is designed to address."
Canopy Falls Adventure Park is expected to be fully operational with expanded programming by mid-2023.
About Tias Capital
Tias Capital is a private equity firm specializing in experiential tourism investments. Founded in 2019 and headquartered in Denver, Colorado, the firm identifies undervalued destinations with high natural potential and builds premium tourism experiences around them.