Pigeon Forge, TN (December 23, 2024) –Virginia and New Jersey-Based Firm Expands Vacation Rental Holdings
Vestio Capital, a private equity real estate investment firm specializing in short-term rentals and multifamily apartment investments, proudly announces the acquisition of two luxury vacation rental homes in the Smoky Mountains, Tennessee. The newly acquired properties include a five-bedroom and a six-bedroom cabin, closed in December 2024. This strategic purchase highlights Vestio Capital’s commitment to investing in high-growth markets and delivering exceptional experiences to travelers.
Deepak Kaushik, a managing partner at Vestio Capital, expressed excitement about the acquisition: “We are thrilled to add these luxury cabins to our portfolio of Tennessee properties. Investing in the Smoky Mountains at the end of 2024 reinforces our belief in the area’s incredible growth potential. Year after year, tourists visit the Smokies to create cherished memories with their loved ones, and we are proud to be part of this community and contribute to making those moments unforgettable.”
Located just minutes from Pigeon Forge attractions and less than six miles from Dollywood, these cabins offer unparalleled access to the best the Smoky Mountains have to offer. Guests can also enjoy the scenic beauty of the region and visit Gatlinburg, a short 12-mile drive away. Each cabin boasts heated swimming pools, hot tubs on decks overlooking the Great Smoky Mountains, and luxury interiors featuring king-size beds, game rooms, and theater rooms with recliner seating and 85-inch TVs.
The cabins’ kitchens are equipped with high-end stainless-steel appliances, and dining areas can accommodate up to 20 guests, making them ideal for large family gatherings or group retreats. Beyond the cabins, the community’s resort-style amenities, including an infinity pool, lazy river, kids’ splash pad, outdoor theater, pickleball court, and mini golf course, set a new standard for vacation rentals in the area. The water park is scheduled to launch in March 2025, further enhancing the guest experience.
The Smoky Mountains remain one of the most visited destinations in the U.S., attracting approximately 14 million visitors annually. Its proximity to a third of the U.S. population, all within a six-hour drive, makes it a highly accessible and desirable vacation spot. The area’s mix of entertainment, dining, outdoor adventures, and natural beauty ensures a steady flow of visitors year-round, making it a prime location for investment in vacation rentals.
Arun Goel, a managing partner at Vestio Capital, remarked on the region’s appeal: “We love the Smoky Mountains area for vacation rentals. It has a growing tourist base with so much to offer. Many new visitors discovered this area during COVID, which significantly expanded its reach. With the growth of cities like Atlanta, Charlotte, and Nashville, people are seeking luxury experiences, and we are excited to offer them in the Smoky Mountains.”
About Vestio Capital
Vestio Capital is a private equity real estate firm headquartered in Virginia and New Jersey. Through its vertically integrated operating strategy, Vestio Capital targets opportunistic vacation rental and multifamily investments in key growth markets across the United States. The firm’s focus on increasing net operating income and maximizing investor returns underpins its success. Additional information about Vestio Capital’s team and investment strategy is available at VestioCapital.com.