Asset Portfolio
The OpenSky Properties maintains a focused portfolio of premium real estate assets strategically positioned in the outdoor hospitality sector. Each acquisition undergoes rigorous due diligence and is evaluated for long-term yield potential, infrastructure readiness, and market positioning.
Acquired 2026
A 23-acre outdoor hospitality site in Bryson City, NC. This flagship property anchors the company portfolio and is being redeveloped as Ferncrest Bryson City, with The Reserve at Round Hill serving as the working name during construction.
Closed acquisition of 1295 Round Hill Road, Bryson City, NC. This 23-acre parcel is situated in the heart of the Great Smoky Mountains tourism corridor — within minutes of the Great Smoky Mountains National Park, the Nantahala National Forest, and the Tuckasegee River.
The property benefits from established road access, existing utility infrastructure, and an existing campground use that supports the current hospitality redevelopment plan.
Current operational strategy focuses on infrastructure modernization and disciplined guest-experience improvements. The development plan includes phased upgrades to site amenities, utility systems, and guest accommodations, supported by a measured operating model.
The site was formerly operated as Canopy Cove Campground under the previous owner. It is now being repositioned as Ferncrest Bryson City, while The Reserve at Round Hill remains the working name during the construction phase.
View legacy Canopy Cove site Review Bryson City project pageOur vision for the Bryson City flagship property is to reposition the site into a modern outdoor hospitality asset that respects the natural setting while improving operating consistency.
The phased development plan includes upgraded accommodation units, improved common areas, modernized utility infrastructure, and operating systems for reservations, guest services, and property management.
This approach is intended to support a stronger guest experience, a more consistent operating platform, and long-term asset quality in a demand-driven tourism market.
The Bryson City and Swain County region sits at the intersection of several major macro trends driving asset value in the outdoor hospitality sector.
The Great Smoky Mountains National Park consistently ranks as the most visited national park in the United States, with over 12 million annual visitors driving sustained demand for quality accommodation. Explore Bryson City →
The Great Smoky Mountains Railroad draws over 90,000 passengers annually on its Polar Express alone — a distinct winter visitor base traveling specifically to Bryson City, independent of the broader Smoky Mountains tourism crowd. This extends the hospitality demand window into November and December.
The outdoor recreation economy in North Carolina generates over $28 billion annually, with Western NC capturing a disproportionate share due to its world-class natural amenities.