Producer Adam Selkowitz and writer-producer Hector Hill have launched production shingle Waterfall Films, aiming to develop and produce low-budget independent features for a family audience.

Waterfall plans to begin lensing May 23 at Lake Zaca north of Santa Barbara on the tentatively titled “Inn Trouble,” with Lee Shallat-Chemel (“Arrested Development”) at the helm. Kim McCullough, Kevin Doran and Jeffrey Tambor are signed.

Written by Hill, “Inn Trouble” centers on a young man who plans to leave the aging lakeside resort in Vermont where he’s spent his entire life. Complications ensue when his longtime sweetheart and a relative with nefarious motives arrive on the scene.

Hill and Selkowitz, hooked up while performing sketch comedy in New York and have worked for two years to obtain full financing for the production through private investors.

“Our vision is to bring the creative and economic sensibilities of independent film to studio-style family fare,” Selkowitz said.

Selkowitz has been co-founder, performer and exec producer of the comedy group Spilt Milk.

Hill has written, directed and produced several short films that were selections at the CineVegas, Texas and Savannah film festivals.