CBRE Inns is soliciting provides to accumulate the fee-simple curiosity within the 230-room Ramkota Lodge & Convention Heart situated in Casper, Wyoming.
The lodge is conveniently located off I-25, offering quick access to space facilities and proximity to a number of of the realm’s main demand mills, together with Wyoming Medical Heart, Key Vitality Companies, DHS Drilling Firm, and JW Williams. Casper is the second largest metropolis within the State of Wyoming and centrally situated in the midst of the state. The economic system is historically pushed by banking and commerce, as properly power associated business together with wind, oil, pure fuel and coal. As a metropolis and state with a low value of doing enterprise and notably low tax burdens, Casper is a lovely location for enterprise relocation.
The Ramkota Lodge traditionally achieved robust prime line and NOI efficiency and is on monitor to regain 2019 ranges. In 2022, the lodge achieved an NOI of greater than $1.5M, which is 91% of 2019 NOI. Notably, the lodge was extensively renovated in 2014, 2015 and 2016 at a price of over $5 million.
Funding Highlights
- Anticipated return to traditionally robust NOI
- Full-service, resort type facilities appeals to teams and households
- Lodge options an indoor water park, 14,000 sq. ft. of assembly area, and full service restaurant and lounge
- Advantages from central location close to space facilities and demand mills
- Lodge was comprehensively renovated from 2014 to 2016 at a price of over $5 million
- Diversified market consists of mining and logging, leisure and hospitality, and schooling and well being companies
- The fee-simple lodge is non-union and supplied unencumbered of brand name and administration
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