Highlights

• Ownership has filed Chapter 11 Bankruptcy
• Property will be sold to highest and best bidder
• Current lender will consider financing 80% of the acquisition price

• Strong Room Revenue ($2,356,471) and Total Revenue ($4 million) in 2008 with historical Total Revenue approaching ($7 million) in 2006
• Property will be delivered unencumbered by management, franchise and free and clear of all liens and claims
• Renovation and repositioning (possible conversion to Best Western) could regain lost market share

Description

- Full service hotel with 177 guestrooms, including 5 suites and 5 apartments;
- Six building complex on approximately 10 Acres;
- 13,000 square feet of flexible meeting space;
- Lounge/Bar and two Restaurants with street frontage and separate access
- Office and Retail space available
- Liquor Store with street frontage
- Indoor swimming pool and whirlpool
- Guest laundry and Fitness Center

- Cheyenne is the largest city in Wyoming and the State Capital attracting government, association, and corporate groups and meetings to the area;
- Region has strong corporate, government, and leisure business;
- Strategically located near the Interstate 25 and Interstate 80 interchange, 100 miles north of Denver, CO;
- Within close proximity to numerous demand generators, such as F.E. Warren Air Force Base, Wyoming State Capital, Taco Johns Event Center, and annual events like Cheyenne Frontier Days;
- Low unemployment and foreclosure rates have meant that Cheyenne has felt fewer negative impacts from the current recession than other parts of the country.