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Richlands, NC

Developing and operating a branded hotel to meet hospitality demand in a growing North Carolina market.

• Strategic location: Closest branded hotel near a major regional airport and military base.
• Franchise secured: Fairfield by Marriott agreement in place for brand recognition and support.
• Experienced management: Led by seasoned managers with local development expertise.
• Phased execution: Clear roadmap from acquisition through hotel launch and operations.
• Market demand: Addresses unmet need for hospitality amid regional growth and development.

133 Koonce Fork LLC is raising capital to develop a branded 79-key Fairfield by Marriott hotel in Richlands, North Carolina, a location strategically positioned near the only major airport within a 50-mile radius of Jacksonville, NC, and Marine Corps Base Camp Lejeune. Despite the area’s growing commercial development and proximity to key infrastructure, it currently lacks any branded hotels within a 15-mile radius. The planned hotel will address this unmet demand and is expected to benefit from increased air travel and residential development in the region. The offering supports land acquisition, construction, and operational readiness for this hospitality venture.

The project will unfold in four phases: land acquisition and agreements, civil engineering and approvals, vertical construction, and hotel launch. A franchise agreement has already been secured with Marriott, and Hendricks Construction will lead the buildout, with hotel operations managed by Newport Richlands Mgmt LLC. The offering includes two investor tiers, Class A and Class B, with differentiated minimum investments and preferred returns. Funds raised will go toward acquiring the site, which is currently owned by one of the managers, and advancing development milestones. Upon completion, the hotel is expected to operate for about two years before a potential sale, providing both ongoing income and a possible exit opportunity for investors, depending on market conditions.

Company Info

133 Koonce Fork LLC is developing a Fairfield by Marriott hotel in Richlands, NC to serve growing travel demand near Camp Lejeune and Albert J. Ellis Airport.

133 Koonce Fork LLC is a North Carolina-based real estate development company formed to acquire, construct, and operate a 79-room Fairfield by Marriott hotel in Richlands, NC. The project is strategically located within 15 miles of Jacksonville, NC, and Marine Corps Base Camp Lejeune, and it aims to fill a hospitality gap near the region’s only major airport, Albert J. Ellis Airport. The airport is currently undergoing expansion to accommodate larger aircraft and has recently added new Delta Airlines routes, signaling growth in travel demand.

The company has secured a franchise agreement with Marriott, development by Hendricks Construction, and a hotel management agreement with Newport Richlands Mgmt LLC. The project will be executed in four phases, from land acquisition to hotel operation, with a planned sale approximately two years after opening. The offering seeks equity investment through Class A and Class B membership interests, each with distinct preferred return structures. As commercial development continues and residential expansion progresses in Richlands, this hotel is positioned to capitalize on increasing regional activity and unmet lodging demand.