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204 W Fox Farm Rd
Cheyenne, WY 82007
Red Lion Hotel Cheyenne · Hospitality Property For Sale
·
146,647 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1981/2010 |
| Building Class | B | Parking Ratio | 2.6/1,000 SF |
| Lot Size | 7.06 AC | Corridor | Interior |
| Building Size | 146,647 SF | ||
| Zoning | CB | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.06 AC |
| Building Size | 146,647 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1981/2010 |
| Parking Ratio | 2.6/1,000 SF |
| Corridor | Interior |
| Zoning | CB |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 204 W FOX FARM RD , CHEYENNE, WY 82007
Leasehold interest in the REO / bank owned and third party managed 245-room Red Lion Hotel & Conference Center Cheyenne offered at a substantial discount to replacement cost Property offered for individual sale in the October 2nd auction event, as part of a two-property bank-owned portfolio Available unencumbered of debt and management, with Red Lion interested in relicensing the property, or buyer may pursue multiple rebranding options that are available for conversion Significant operational upside following foreclosure process with non-regional borrower and absentee management, with a long-term leasehold interest of approximately 97-years to be conveyed Readily accessible and visible to all traffic along Interstate 80 and US Highway 85, with approximately 20,000 vehicles passing the location daily Unique opportunity to invest in economically stable state capital market with current unemployment rate of 3.9% and the two largest employers government-affiliated, including the Wyoming State Capital and F.E. Warren Air Force Base Proximate to all primary area demand generators including the Wyoming State Capital, F.E. Warren Air Force Base, Cheyenne Regional Medical Center, Laramie Community College, and the Downtown Cheyenne Historic District Ideally situated within Wyoming’s State Capital and Wyoming's largest metropolitan area, which serves as the northern terminus of the rapidly growing Front Range Urban Corridor with a total combined corridor population of approximately $5MM (nearly a 15% increase since 2010) Optimal time to be investing in broader Cheyenne market with 2019 hotel market occupancy growing by 7.2% over 2018 figures Cheyenne is well positioned for broader economic growth with plans well underway on multiple large regional development projects, including the ~$18MM Innovate Biotech Manufacturing Center totaling 80,000 SF, as well as, the $55MM Sweetgrass Development which upon completion will total approximately 2,400 acres and will be the state's largest event facility
PROPERTY TAXES
| Parcel Number | 1-2263-0001-0000-0 | Improvements Assessment | $383,238 |
| Land Assessment | $112,409 | Total Assessment | $495,647 |
PROPERTY TAXES
