Manorville Road · Saugerties, New York

DUSKFALL

A transparent dome, a private hot tub, the Milky Way overhead — two hours from New York City.

Four Luxury Stargazing Domes · A Dark-Sky Resort Opportunity
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The closest truly dark sky to the largest urban feeder market in North America — paired with an amenity stack no operator within three hours of the city offers today.

The Experience

You are lying in bed.
The Milky Way is the ceiling.

Four transparent geodesic suites on a single Western Red Cedar deck that runs to the edge of a cliff. A private hot tub steps from your door, a heated pool on the shared deck, a sauna and a telescope you control from your phone — under one of the darkest skies you can reach from New York City without flying.

  • Four F75 geodesic suites — 807 SF each, transparent stargazing ceiling, mezzanine loft, full kitchen and bath; sleeps four.
  • 12,000 SF Western Red Cedar deck — a single contiguous platform, surface-anchored to bedrock, with a 1,000 SF strutted stargazing overhang past the cliff edge.
  • A private hot tub at every dome — plus a central heated pool anchoring the shared amenity zone, both run year-round.
  • Cabin sauna, cold plunge, observatory — two smart auto-aligning telescopes guests operate from a phone in sixty seconds.
  • Bortle 4 dark sky — Milky Way visible to the naked eye; the practical dark-sky ceiling for a two-hour NYC drive.
  • Outdoor kitchen, fire lounge — a premium central propane fire feature; per-dome wood-pellet fire pits with guest-paid fuel.
  • DarkSky-compliant throughout — fully shielded warm lighting, certification path, an enforceable brand moat.
  • Built to be shared — every design decision serves a single sentence a guest will repeat in any room.
The Market

Twenty million people.
Two hours away. One dark sky.

The New York metro is the most valuable drive market in North America. Catskills short-term-rental performance has outrun the national benchmark every post-pandemic year — and the dark-sky amenity has no substitute closer than three-and-a-half hours.

PropertyDrive from NYCPrivate waterDark skyRate
Domes at Catskills90 minNoNo$100–$300
AutoCamp Catskills2 hrsNoNo$166–$500
Ferncrest (Poconos)2 hrsHot tubNo$225–$300
Scribner's Lodge2.5 hrsNoSkylights$400–$650
DUSKFALL2 hrsPool + hot tub / domeBortle 4$700–$1,000

Astrotourism is a $2–3B global category growing 12–15% a year. Fewer than 40 transparent-dome properties exist in all of North America. The supply has not caught up with the demand — and the barrier to entry here (a bedrock cliff parcel, a dark-sky designation, a multi-month dome lead time) is not easily replicated.

The Opportunity

A category that doesn't exist yet —
on a parcel that's already entitled.

DUSKFALL sits on an entitled 6.82-acre parcel inside a 71-acre assemblage carrying an approved Rural Resort Special Use Permit for up to 121 units. The hardest, slowest, riskiest part of ground-up hospitality — the entitlement — is already done.

Fully entitled

Approved Rural Resort SUP, up to 121 units across the assemblage. Phase 1 is four domes against an entitlement that's already in hand — no rezoning, no use-permit risk on the critical path.

No direct competition

The closest Northeast operator with a private water amenity at every unit is two hours into Pennsylvania — no dark sky, no transparent dome. DUSKFALL is the only property combining all four within a two-hour drive of NYC.

Capital efficient

Roughly $671K per key, all-in, versus $500K–$830K for comparable boutique cabin developments. Surface bedrock anchoring on an existing serviced site removes the excavation cost a build this size normally carries.

Demand is already proven

Comparable Catskills unique-stays run 127+ reviews at $375/night. Transparent-dome glamping is the single most-shared unique-stay category on social video — the product markets itself.

The Operator

This playbook is already running.

DUSKFALL is not a first-time operator's bet. It is an existing short-term-rental operator extending a system that already runs a live portfolio — the same property-management stack, the same dynamic-pricing engine, the same automated, staff-free guest operation the model assumes here.

An operating portfolio, not a pro forma

The sponsor runs Haus, a short-term-rental operating company managing a live portfolio of properties on Hostaway and PriceLabs with automated guest messaging and smart-lock arrival. DUSKFALL plugs into infrastructure that already exists, not a system being invented for this deal.

Revenue management is the discipline

Pricing is run on a documented methodology with continuous comparable-set analysis — not set-and-forget. The $850 stabilized ADR is underwritten the same way the existing portfolio is priced every week.

Owner-operated by design

The zero-staff model on the numbers below is not an aspiration. It is how the current portfolio is already run — automation first, owner economics, the majority of revenue retained as NOI.

Aligned, hands-on sponsor

This is an operator deploying its own playbook on its own land — not a syndicator assembling a deal to manage someone else's. Incentives point the same direction as yours.

The Numbers

Underwritten conservatively.
Still exceptional.

Every figure below was pressure-tested line by line — a realistic post-construction tax assessment, true year-round pool operating cost, real payment-processing fees, contracted maintenance. These are the numbers after the haircut.

39.7%
Levered IRR
10-yr hold, pre-tax
12.0×
Equity Multiple
vs 2–3× PE standard
48.7%
After-Tax IRR
100% bonus depreciation
3.52×
Stabilized DSCR
vs 1.25× lender floor
~$2.7M
Total Project Cost
$613K
Stabilized NOI
Year 5
56%
NOI Margin
22.8%
Unlevered Yield
on cost

Stabilized average daily rate of $850 is built bottom-up from the comparable set and sits at the low end of the supported range. The deal still produces a 17% levered IRR at an 18% rate miss, and remains solvent down to a 34% miss — a margin of safety most ground-up hospitality cannot show.

Why It Works

The asymmetry.

The tax structure front-loads the return

100% bonus depreciation on the land-improvement basis returns the large majority of invested equity as a tax shield within the first twelve months of opening. A 1031 exchange at exit defers the gain entirely.

This is not a land play

The four-dome Phase 1 generates a 39.7% IRR on its own. The return is fully underwritten before any consideration of expansion.

Phase 2 is free optionality

The 71-acre assemblage is entitled for up to 121 resort units under an approved Rural Resort Special Use Permit. Phase 1 proves the model on a validated site before any incremental capital is deployed.

The brand compounds

The first fifty reviews set the search rank for the property's life. A viral-native product plus a dark-sky moat turns the marketing budget into an amplifier rather than a cost.

The Invitation

See the full picture.

A detailed investment memorandum and the complete underwriting model are available on request. We're speaking with a small number of aligned partners.

Request the Memorandum